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This is an archive article published on October 26, 2007

US announces new sanctions against Iran

The Bush administration announced sweeping new sanctions against Iran on Thursday...

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The Bush administration announced sweeping new sanctions against Iran on Thursday 8212; the harshest since the takeover of the U.S. Embassy in 1979 8212; charging anew that Tehran supports terrorism in the Middle East, exports missiles and is engaging in a nuclear build up.

Secretary of State Condoleeza Rice, joined at a State Department news conference by Treasury Secretary Henry Paulson, said the steps the Bush administration is taking against the Revolutionary Guard Corps and a number of banks are designed, among other things, to punish Tehran for its support of terrorist organizations in Iraq and the Middle East.

Rice said the moves were in response to 8220;a comprehensive policy to confront the threatening behavior of the Iranians8221; although she also said that Washington remains open to 8220;a diplomatic solution.8221;But Rice quickly added: 8220;Unfortunately the Iranian government continues to spurn our offer of open negotiations, instead threatening peace and security by pursuing nuclear technologies that can lead to a nuclear weapon, building dangerous ballistic missiles, supporting Shia militants in Iraq and terrorists in Iraq, Afghanistan, Lebanon and the Palestinian territories, and denying the existence of a fellow member of the United Nations, threatening to wipe Israeli off the map.8221;

 

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