Oil sanctions would crumble without Iran deal: US

摘要

Washington-As President Barack Obama on Wednesday struck back at naysayers of the Iran agreement, members of his administra- tion were back on Capitol Hill to bolster his case to skeptical lawmakers. Officials told Congress that companies signing contracts with Iran after the nuclear deal is implemented would not be grandfa- thered in automatically and would have to wind down their work if the US snaps back sanc- tions. The testimony from State Department Undersecretary Wendy Sherman and Treasury’s Acting Undersecretary Adam Szubin came at hearing of the Senate Banking Committee.