US levies new sanctions on Iran’s Central Bank

Iran insists its nuclear pursuit is for peaceful purposes, but the West
accuses Iran of developing the know-how to build a nuclear bomb. Defense
Secretary Leon Panetta last week would not dispute a report that he believes
Israel may attack Iran this spring in an attempt to set back the Islamic
republic’s nuclear programme.

In recent weeks, both the US and European Union have imposed harsher sanctions
on Iran’s oil sector, the lifeblood of its economy.

In Washington, the Senate Banking Committee easily approved yet more penalties
on Tehran last week. The sweeping measure, which is not yet law, would
target Iran’s Revolutionary Guard Corps, require companies that trade on the
US stock exchanges to disclose any Iran-related business to the Securities
and Exchange Commission, and expand penalties for energy and uranium mining
joint ventures with Tehran.

Source: AP

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