White House Hits Iran with New Round of Sanctions
iStockphoto/Thinkstock(WASHINGTON) — In the continuing effort to get Tehran to give up its rogue nuclear ambitions, the White House on Wednesday broadened already punishing sanctions against the Iranian government that now include zeroing in on its st…
Chuck Hagel, Obama Differ on Iran Sanctions
Junko Kimura/Getty Images(WASHINGTON) — As has been well documented, not everyone is so pleased that President Obama nominated former Senate colleague Chuck Hagel, a Republican, as the next secretary of defense.Some of that has to do with Iran sanctio…
Iranian Oil Exports Continue to Fall
Comstock/Thinkstock(NEW YORK) — There is further evidence that financial sanctions and an embargo on Iranian oil imposed by the U.S. and the European Union are having a crippling effect on Iran’s economy. The sanctions were imposed to comp…
Iranian Supreme Leader Accuses West of ‘Bullying’
iStockphoto/Thinkstock(TEHRAN, Iran) — Day to day, Iran’s economy grows weaker because of sanctions imposed by the West meant to bring Tehran back to the bargaining table about possibly suspending its rogue nuclear program.However, even a decision by …
European Union Boosts Sanctions on Iran
iStockphoto/Thinkstock(NEW YORK) — The financial noose keeps tightening around Iran’s neck.Already suffering economically because of severe sanctions imposed by the U.S. and the West over the refusal to abandon its rogue nuclear program, Tehran will a…
Israel Official Says Iranian Economy Near ‘Collapse’
iStockphoto/Thinkstock(JERUSALEM) — A top Israeli government official believes Iran’s economy is “on the verge of collapse” because of sanctions imposed by the international community.Comments made by Finance Minister Yuval Steinitz to Israel Radio ec…
Moscow Fearful of US Sanctions Against Iran Hurting Russia
iStockphoto/Thinkstock(MOSCOW) — Moscow declared Monday that it won’t be happy with Washington if crippling sanctions against Iran also affect Russian businesses.Sanctions were imposed several years ago to force Iran into abandoning its rogue nuclear …
US Targets Hezbollah, Iran in New Syria Sanctions
iStockphoto/Thinkstock(WASHINGTON) — The U.S. Treasury Department has announced new sanctions targeting the Syrian regime of Bashar al-Assad and its supporters, including Hezbollah — saying the group, which was already a designated terrorist organiza…
Report: Oil Embargo Is Killing Iran’s Economy
Comstock/Thinkstock(NEW YORK) — The White House is right in its contention that sanctions against Iran to convince Tehran to give up its nuclear program is at least hurting the country economically, an analysis by Bloomberg shows.Since international s…
US and Israel at Odds over Effectiveness of Iran Sanctions
GALI TIBBON/AFP/GettyImages(WASHINGTON) — The White House pushed back a bit Wednesday from comments made by Israeli Prime Minister Benjamin Netanyahu on the effectiveness of economic sanctions on Iran to stop it from developing nuclear weapons.Netanya…
House Passes New Sanctions Against Iran
iStockphoto/ThinkstockUPDATE: By unanimous consent, the Senate passed the new sanctions on Iran Wednesday night without amendments or changes to the House-passed legislation. The bill now goes to President Obama for his signature.
(WASHINGTON) –…
Obama Announces New Sanctions On Iran
JIM WATSON/AFP/Getty Images(WASHINGTON) — President Obama is leveling new sanctions on Iran, targeting the country’s oil sector and stepping up efforts to cut off Iran’s financial transactions.“With these actions, we are once again r…
Iran’s Supreme Leader Scoffs at More Sanctions by West
iStockphoto/Thinkstock(TEHRAN, Iran) — Iranian Supreme Leader Ayatollah Ali Khamenei said the equivalent of “bring it on” Wednesday when discussing threats by the West to impose more economic sanctions on his country if Tehran fails to back down from …
Obama Softens Some Sanctions on Burma
Alex Wong/Getty Images(WASHINGTON) — President Obama today announced that his administration is easing restrictions on U.S. companies seeing to “responsibly do business in Burma.”“Easing sanctions is a strong signal of our support fo…
Nuke Talks with Iran Resume as Sanctions Loom
iStockphoto/Thinkstock(MOSCOW) — A high stakes meeting between a group of world powers and Iran to discuss its nuclear program began Monday morning in Moscow. An official described the meetings so far as “business-like.”This latest r…
Obama: Sufficient Oil In Market to Expand Iran Sanctions
Alex Wong/Getty Images(WASHINGTON) — President Obama announced today that there is a sufficient supply of non-Iranian oil to permit “a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through fore…
Geithner Calls on World Community to Hit Syria with Harsher Sanctions
The White House/Pete Souza(WASHINGTON) — A top White House official warned Syria on Wednesday that failure to end 15 months of violence will result in extreme economic penalties for the government of President Bashar al-Assad.Speaking at a meeting of …
Syria Bleeding Money Due to International Sanctions
Stockbyte/Thinkstock(DAMASCUS, Syria) — Even though it might seem the international community is sitting on its hands instead of intervening in Syria’s ongoing conflict, a Syrian government official says the rest of the world is still managing to puni…
Secretary Clinton: US Soon to Name Potential Ambassador to Burma
US Dept of State(WASHINGTON) — Calling Burma’s parliamentary elections this weekend a “dramatic demonstration of popular will” and an important step for the country’s transformation to democracy, Secretary Hillary Clinton annou…
Obama to Move Forward with Iran Sanctions
iStockphoto/Thinkstock(WASHINGTON) — President Barack Obama is moving closer to imposing sanctions on Iran’s oil exports after determining that there is enough crude oil in the global market to avoid buying from Iran.Obama made the announcement …