U.S. House and Senate Panel Agree on New Sanctions Against Iran

Lawmakers say they agree to sanctions, despite Obama's misgivings; measures include targeting Iran's central bank.

Reuters
Haaretz
Send in e-mailSend in e-mail
Reuters
Haaretz

Leaders of a U.S. House and Senate negotiating panel on Monday said they had agreed to compromise legislation imposing new sanctions that target Iran's central bank, despite Obama administration misgivings over the measure. They said they hoped to pass it this week.

The lawmakers, leaders of the armed services committees from both political parties, said they had made some changes sought by the White House. These added some flexibility in the treatment of foreign institutions that trade with Iran's central bank, Democratic Senator Carl Levin said.

An Iranian technician inside a uranium conversion facility near the city of Isfahan.Credit: AP

On November 21, the United States, Britain and Canada announced new sanctions on Iran's energy and financial sectors, but the Obama administration stopped short of targeting Iran's central bank, a step that U.S. officials said could send oil prices skyrocketing and jeopardized global economic recovery.

Earlier this week, Defense Minister Ehud Barak called for sanctions targeting Iranian oil trade and central bank.

Barak said Iran's ruling clerics could use nuclear weapons to strengthen their grip on power and the world must urgently impose crippling sanctions to prevent them from building such arms, Israel's defense minister said.

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.
From $1 for the first month

SUBSCRIBE
Already signed up? LOG IN

ICYMI

מריאן ס' מריאן אומנות

The Artist Who Survived Auschwitz Thought Israel Was 'Worse Than the Concentration Camp'

הקלטות מעוז

Jewish Law Above All: Recordings Reveal Far-right MK's Plan to Turn Israel Into Theocracy

איתמר בן גביר

Why I’m Turning My Back on My Jewish Identity

Travelers looking at the Departures board at Ben Gurion Airport. The number of olim who later become yordim is unknown.

Down and Out: Why These New Immigrants Ended Up Leaving Israel

Beatrice Grannò and Simona Tabasco as Mia and Lucia in "The White Lotus."

The Reality Behind ‘The White Lotus’ Sex Work Fantasy

The Mossad hit team in Dubai. Exposed by dozens of security cameras

This ‘Dystopian’ Cyber Firm Could Have Saved Mossad Assassins From Exposure