The House of Representatives has passed a measure that would block US aircraft sales to Iran, potentially undercutting a Boeing deal with Tehran worth up to $25bn. The deal, valued at up to $25bn, would be the largest between a US business and Iran since the 1979 Islamic revolution. Boeing’s archrival, Airbus, in January reached a deal to sell Iran 118 aircraft. The Islamic republic had been an international pariah before a nuclear deal reached last year, and the US still has some sanctions in place against Iran. Roskam and some other lawmakers have opposed deals with Iran, asserting that Tehran remains a supporter of violent jihadists around the world.

Source: The Guardian July 09, 2016 03:11 UTC