Senate Votes Unanimously to Sanction Iran Central Bank

(Dow Jones-Wall Street Journal) Siobhan Hughes - The U.S. Senate on Thursday voted 100-0 to adopt economic sanctions against Iran's central bank similar to those announced by the UK to block Iran's entire banking sector from the UK financial system. The vote came in spite of warnings from the Obama administration that the sanctions would alienate allies and drive up oil prices. Lawmakers say the Obama administration needs to show a greater sense of urgency in the wake of reports from the UN nuclear agency that Iran has been developing technologies needed to produce a nuclear weapon. Lawmakers also point to U.S. allegations that Iran was plotting to assassinate the Saudi Arabian ambassador in Washington.

2011-12-02 00:00:00

Full Article


Visit the Daily Alert Archive