Tuesday, July 31, 2012

Israel: Obama orders new Iranian sanctions


Obama orders new sanctions on Iran energy, financial sectors

U.S. president says U.S. is committed 'to hold the Iranian government accountable for its actions.'

By Natasha Mozgovaya and Reuters

President Barack Obama announced new U.S. sanctions on Tuesday against foreign banks that help Iran sell its oil, efforts that he said would increase pressure on Tehran for failing to meet its international nuclear obligations. 

Obama's decision, in an executive order, came ahead of congressional votes on new sanctions intended to further strip Iran of its oil-related revenues. It also followed criticism from Republican presidential challenger Mitt Romney that the White House is failing to act strongly enough to stop Iran's suspected pursuit of a nuclear weapon. 

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