Sources: U.S. to slap new sanctions on Iran
Iranian president Mahmoud Ahmadinejad has maintained Iran's nuclear program is for peaceful purposes.
November 19th, 2011
10:00 AM ET

Sources: U.S. to slap new sanctions on Iran

By CNN Senior State Department Producer Elise Labott

The Obama administration plans to impose fresh sanctions against Iran's petrochemical industry, diplomatic sources familiar with the plans said Friday.

U.S. sanctions already prohibit American companies from doing business with Iran.

The goal of the new measures is to bar foreign companies from doing business with Iran's petrochemical industry by threatening them with being banned from U.S. markets, the sources said.

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Filed under: IAEA • Iran • Nuclear • Sanctions