Cheney, Iran/Iraq & Halliburton

On the same day President Bush announced plans to investigate Iran for ties to terrorism, Halliburton acknowledged that "a U.S. grand jury issued a subpoena to the company seeking information about its Cayman Islands unit's work in Iran, where it is illegal for U.S. companies to operate."
 
Earlier this year, CBS News reported "Halliburton is the company that Vice President Dick Cheney used to run. He was CEO in 1995 to 2000, during which time Halliburton Products and Services set up shop in Iran."
 
During the 2000 election, Cheney openly acknowledged that "Halliburton did business with Libya and Iran through foreign subsidiaries."
 
According to the Forward, Halliburton and Cheney have argued that, despite Iran's suspected ties to terrorism, U.S. sanctions against Iran do not cover "independent foreign subsidiaries," a description that they say applies to the Cayman Islands-based subsidiary. 
 
As CEO of Halliburton, Cheney actively lobbied for the U.S. to lift sanctions on Iran, despite its suspected ties to terrorism.

Earlier this year, the New Yorker reported "The United States had concluded that Iraq, Libya, and Iran supported terrorism and had imposed strict sanctions on them. Yet during Cheney’s tenure at Halliburton the company did business in all three countries" - even though Cheney specifically claimed during the 2000 campaign "I had a firm policy that we wouldn’t do anything in Iraq, even arrangements that were supposedly legal."