Cheney firm used UK to Dodge Sanctions Against Iran
A GIANT oil company once headed by Dick Cheney, the US vice-president, used its British subsidiaries to flout American sanctions against Iran. A Sunday Times investigation has established that the company, Halliburton, has been supplying Iran with oil drilling equipment through its companies based in Arbroath and Leatherhead. The exports -- estimated to be worth more than £30m a year -- have continued despite sanctions introduced by the US government nine years ago barring Americans from trading or "facilitating" business with the Islamic state. The new findings will embarrass Cheney, President George W Bush's running mate in next month's elections. Cheney has described Iran as "one of the world's most dangerous regimes". Although he resigned as Halliburton's chief executive four years ago, Cheney has retained a substantial interest, owning an estimated $18m (£10m) in share options. [more
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