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What Cheney conveniently neglects to mention is that Halliburton evaded U.S. law in order to deal with Iran. The International Emergency Economic Powers Act authorizes the president to block transactions and freeze assets to deal with rogue nations. In 1995, President Clinton signed an executive order barring U.S. investment in Iran’s energy sector. To evade U.S. law, Halliburton set up an offshore subsidiary that engaged in dealings with Iran.
In 1996, Cheney blasted the Clinton administration
Q: You opposed unilateral sanctions on Iran when you were CEO of Halliburton.
THE VICE PRESIDENT: I did.
That’s a whole set of considerations that a CEO doesn’t have to worry about, that a private company doesn’t have to worry about. But the President of the United States does.