U.S. Backs Away from Sanctions on Iran Central Bank

(Los Angeles Times) Paul Richter - Despite weeks of tough warnings, the Obama administration has backed away from its calls to impose new and potentially crippling economic sanctions against Iran in retaliation for an alleged plot to kill Saudi Arabia's ambassador on U.S. soil, according to diplomats and American officials. U.S. officials have decided that a proposed move against Iran's central bank could disrupt international oil markets and further damage the American and world economies.

2011-11-07 00:00:00

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