Treasury Tightens Sanctions Net on Iran

By Brian Radzinsky

While U.S. and European diplomats pursue a fourth round of UN sanctions on Iran, the Bush administration and Congress are moving forward with a parallel strategy of using U.S. financial clout to tighten the noose on the Iranian economy. The Department of the Treasury July 8 and Aug. 12 froze the U.S. assets of 13 individuals and organizations with connections to Iran's nuclear and missile programs.

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