Firms Get U.S. Money Despite Iran Work

March 8th, 2010

The U.S. government, while pushing for tougher sanctions against Tehran, has given $107 billion in the last 10 years to U.S. and foreign companies doing business in Iran, much of it in the energy sector, The New York Times reported on Saturday.

Despite the threat of punishment for companies that seek U.S. federal contracts while dealing with Iran, the Times said successive administrations have struggled to exert authority over foreign companies and overseas units of U.S. firms.