The almost daily disclosures by the White House about who knew about an IRS investigation before it became public has helped stoke the furor over the agency’s scrutiny of tax-exempt groups and given the president’s harshest critics an opening.
This month, the U.S. expanded its already aggressive sanctions on Iran by penalizing several companies suspected of aiding the country’s nuclear program or helping the regime evade trade restrictions. The U.S. Senate also introduced legislation that could prevent Iran from accessing more than $100 billion held in overseas banks.
Iraq rejects guarantee from Egyptian bank for payment Egypt owes country for sale of 4m bbl of oil a month, Al-Borsa reports, citing unidentified officials in Cairo- based General Petroleum Authority. * Iraq asking for $1.2b guarantee from an intl bank because of deterioration in Egypt’s credit rating: newspaper * Shipment of Iraqi oil will probably be delayed: report * NOTE: Iraq, Libya to Start Shipping Crude to Egypt in June: Ministry NSN MMFKOD6S972J <GO>