Scrolling news:

Lebanon: Nasrallah: Israel on a path towards “suicide” in Gaza

Palestine: Two Palestinians killed as tens of thousands protest Israeli assault across West Bank

Palestine: Amid Gaza ceasefire calm, at least 40 dead bodies are found

Palestine: Entire 20 members of one family in Gaza killed prior to ceasefire, as death toll tops 940

Palestine: Seventeen killed in early morning hours of Friday

Palestine: Israeli forces invade Azzun in W Bank, use Palestinian civilians as human shields

Palestine: 931 Palestinians from Jerusalem & inside Israel taken captive in 3 Weeks

Saudi Arabia behind effort to disarm the Palestinian Resistance

Palestine: Civilian casualties continue to rise; 15 killed Thursday night

Palestine: Israeli attacks in Gaza kill 20 on Thurs afternoon

Palestine: Twelve Palestinians kidnapped by Israeli army in Hebron, Nablus

Palestine: 33 Palestinians killed in pre-dawn Israeli attacks in Gaza

Palestine: List of 714 Palestinians killed between July 8 and July 24

Palestine: Toddler ‘killed in ICU’ as Israel bombs Gaza City hospital

Palestine: Two Palestinians killed by Israeli fire in protest march near Ramallah, W Bank

Palestine: Dozens feared dead as Israel shells UN shelter in Beit Hanoun

Iraq: UN Secretary-General meets Ayatullah Al-Sistani for the first time in Najaf

Pakistan: Allama Talib Jauhri’s son-in-law shot dead in Karachi

Palestine: 73 Palestinians killed on Wed in Gaza, total death toll at 695

Palestine: 21 Palestinians killed in early dawn strikes in Gaza

US: New US sanctions target Iran’s currency, car industry

4th Jun 2013

The United States has imposed more sanctions on Iran meant to increase the pressure on Tehran to come clean on its nuclear program. The latest measures target Iran’s currency and its auto industry.

The executive order issued by US President Barack Obama on Monday broadens the scope of sanctions imposed on Iran, in an effort to force it to comply with the demands of the international community regarding its nuclear program.

The United States and many of its Western allies fear that Tehran may be using its nuclear power program as a front in efforts to develop atomic weapons. Iran has repeatedly denied the charge, asserting that it has the right to use nuclear technology for peaceful purposes.

Not only the United States, but also the European Union and the United Nations have imposed a series of sanctions on the Islamic Republic in recent years. The United Nations Security Council first imposed sanctions in 2006 after Iran rejected its demand that it suspend all uranium-enrichment activities. Enriched uranium can be used to generate nuclear power, but it can also be used to construct a nuclear weapon.

The Reuters news agency cited a senior Obama administration official who spoke on condition of anonymity, who said these were the first sanctions to specifically target Iran’s rial currency.

“The objective is to take aim at the rial and to make it as unusable a currency as possible, which is all part and parcel of our efforts to apply significant financial pressure on the government of Iran,” the official said.

Under pressure from existing sanctions, the rial has already lost more than half of its value since late 2011.

The latest sanctions were also to target Iran’s auto industry, which, according to analysts, employs the most people after the country’s oil and gas sectors.

The US has repeatedly warned Iran that it does not rule out military action to prevent Tehran from developing nuclear weapons. At the same time though, White House spokesman Jay Carney stressed on Monday that Washington remained open to a diplomatic solution.

“However, Iran must understand that time is not unlimited,” Carney said.

pfd/jr (AP, Reuters, AFP)

http://www.dw.de/new-us-sanctions-target-irans-currency-car-industry/a-16856774

 

×

Comments are closed.

Sectarianism in the Middle East and its rise in the UK, Standpoint, Sahar TV. Interview 29 May 2013 and aired on 12 June 2013


Latest Tweets

The Muslim News

awards

Awards for Excellence

Read more