US Republicans alarmed at talk U.S. may ease Iran trade

WASHINGTON – US Republican lawmakers voiced deep concern on Thursday about reports that the Obama administration might allow Iran to use the dollar in some business transactions, although no such plans have been announced.

US government officials said the issue is being discussed in the Treasury Department, but any policy change would not involve widespread access for Iran to the US financial system, disputing media reports suggesting otherwise. The Obama administration is considering easing some sanctions to permit non-US companies to have some access to the US financial system for US dollar transactions involving Iran, said a US official. The official said the matter was being studied, no decisions had been taken and that, to the official’s knowledge, none were imminent.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4786022,00.html

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