U.S. and allies to hit Iran with new sanctions over nukes

[The Northerner]

Source: Associated Press

WASHINGTON (AP) – The Obama administration will hit the Iranian economy with new sanctions on Monday, U.S. officials said, teaming with Britain and Canada in an effort to pressure Tehran to halt its suspected nuclear weapons program. The British announced the first measures, declaring they would cut off all financial ties with Iranian banks to stem the flow of funds for its nuclear and ballistic missile programs.

The coordinated actions among the United States and its two close allies represent the first direct response to the U.N. nuclear agency's recent report suggesting Iranian work toward the development of atomic weapons. The report's release has sparked frenzied international diplomacy over how to halt the Iranian threat, with President Obama pressing the leaders of Russia and China little more than a week ago to join the United States and its partners in taking action.

America's financial and energy sanctions will target Iranian companies, the hardline Revolutionary Guard force and Iran's petrochemicals sector, U.S. officials said. The aim would be to build on several American measures already in place to isolate Iran's economy.

The officials spoke on condition of anonymity ahead of a formal announcement later on Monday, expected to be made by Secretary of State Hillary Rodham Clinton and Treasury Secretary Timothy Geithner. Canada is also expected to announce new measures against Iran.

Read more: http://www.usatoday.com/news/world/story/2011-11-21/iran-sanctions-nuclear-program/51337204/1

[nineteen50]

1. Obama has completed his metamorphosis into a

neo-con

[walerosco]

2. this is just a softening up

of the target before the hammer drops. Lets hope Russia intervenes before Iran goes the way of Libya and into the control of American puppets.

[AtheistCrusader]

3. Why do I feel like I'm along for the ride again? I thought we won that fucking election.