December 30, 2011 | Quote
Clock Ticking for West to Act on Iranian Nuclear Program
At the end of February, after the scheduled enactment of new American sanctions, the Department of Energy will issue a report on which countries remain Iran’s oil clients. They may include India, Japan and South Korea, according to Mark Dubowitz, executive director of the Foundation for Defense of Democracies, which tracks Iranian oil sales.
At that point, Mr. Obama would have to decide whether to level sanctions against them.
By some time next June, said Mr. Dubowitz, “If there’s no impact on Iranian oil revenue, then you’re at the end of the sanctions road.”