July 12th, 2012
04:10 PM ET

More sanctions for Iran

The United States on Thursday placed additional sanctions on what it called Iran's nuclear proliferation network.

The Treasury Department said 11 companies and four individuals were being from barred doing business with U.S. firms, and it publicly identified what it called front companies involved in Iran's oil trade. The department also identified 20 Iranian financial institutions whose assets are being blocked.

"Iran today is under intense, multilateral sanctions pressure, and we will continue to ratchet up the pressure so long as Iran refuses to address the international community's well-founded concerns about its nuclear program," treasury undersecretary David Cohen said in a news release.

Thursday's actions also were aimed at disrupting the front companies that Iran uses to sell and move its oil, he said.

Western powers fear that Iran may be trying to build nuclear weapons, despite the country's insistence that its nuclear program is for peaceful purposes. The West has been using sanctions and diplomacy to try to stop Iran from producing nuclear arms.

Those sanctions include an oil embargo by the European Union.

Filed under: Iran • Sanctions • Treasury
soundoff (8 Responses)
  1. Steven

    i am so looking forward to World War III.

    July 13, 2012 at 10:57 pm | Reply
  2. lance

    let isreal nuke iran off the face of the earth and move on.

    July 13, 2012 at 8:32 pm | Reply
  3. GOPisGreedOverPeople

    The GOP solution: Start a war with Iran (totally unfunded of course). Get the poor people to fight/die in the war while giving the rich people "no bid contracts". Thus killing two GOP birds with one stone. Then use Iran's oil to pay for the war. And when the war is over, Iran will sell us cheap oil!!!!!!! Just like Iraq!!!!!! Oh wait.........never mind.

    July 13, 2012 at 9:03 am | Reply
  4. Quigley

    Here we go again with the Politics of Hunger. This seems to have become a staple part of U.S. foreign policy, sadly enough. This is almost as barbaric as dropping bombs on innocent civilians since causing hunger can lead to both illness and death. This is repulsive as the bureaucrats in Washining will stop at almost nothing to get their way!

    July 12, 2012 at 7:16 pm | Reply
  5. OffTheWorldPolitics

    Many Americans are against Iran possessing a nuclear weapon for their own sake. It does not necessarily have anything to do with Israel. Iran has been hostile toward the West for more than thirty years. Why should it be allowed to threaten nuclear war to further its agenda?

    July 12, 2012 at 6:04 pm | Reply
  6. JohnWV

    Iran is only Israel's current fixation. America's entire electoral system has been corrupted by Netanyahu's Israel, AIPAC, Israel Firsters and ingenious distribution of enormous amounts of Jewish money. Our representative democracy is nearly defeated and the destruction of America as we know it well underway. Termination of the criminal treachery and treason demands immediate priority. The Government of the United States must again serve American interests, not the Jewish state's relentless pursuit of invulnerability, territorial conquest and apartheid supremacist empire in, and beyond, the Mideast.

    July 12, 2012 at 4:57 pm | Reply
  7. JohnWV

    However did we get it all so backwards? As a signatory to the Non Proliferation Treaty, Iran has an internationally recognized right to develop and implement nuclear technology. Israel rejected the NPT and has no such right. Yet, the Jewish state has ICBM nukes and openly threatens Iran; actually campaigns for war against Iran. Israel, not Iran, should be sanctioned and forced to reveal its nuclear machinations to IAEA inspection. However did we get it all so backwards?

    July 12, 2012 at 4:56 pm | Reply

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