White House orders new round of tough sanctions against Iran

White House orders new round of tough sanctions against Iran

By ANNE GEARAN
The Associated Press

Published Feb 6, 2012 04:45PM MDT

Washington • Targeting Iran’s economy, the U.S. ordered tough new penalties Monday to further pinch the country’s financial system and encourage Israel to give sanctions more time before any military action against Iran’s nuclear program.
The new, stricter sanctions, authorized in legislation that President Barack Obama signed in December, will be enforced under an order he signed only now. They give U.S. banks new powers to freeze assets linked to the Iranian government and close loopholes tha...

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