Senators Press Obama on Iran's Central Bank
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BYJAY SOLOMON
WASHINGTON—More than 90 U.S. senators signed a letter to President Barack Obama pressing him to sanction Iran's central bank, with some threatening legislation to force the move, an outcome that would represent a stark escalation in tensions between the two countries.
Such a measure, if effectively implemented, could potentially freeze Iran out of the global financial system and make it nearly impossible for Tehran to clear billions of dollars in oil sales every month, said current and former U.S. officials.
Many American officials view the blacklisting of Bank Markazi as the "nuclear option" in Washington's financial war against Tehran.
http://online.wsj.com/article/SB10001424053111904480904576494463569720404.html?mod=rss_middle_east_news&utm_source=twitterfeed&utm_medium=twitter
more in Middle East »
BYJAY SOLOMON
WASHINGTON—More than 90 U.S. senators signed a letter to President Barack Obama pressing him to sanction Iran's central bank, with some threatening legislation to force the move, an outcome that would represent a stark escalation in tensions between the two countries.
Such a measure, if effectively implemented, could potentially freeze Iran out of the global financial system and make it nearly impossible for Tehran to clear billions of dollars in oil sales every month, said current and former U.S. officials.
Many American officials view the blacklisting of Bank Markazi as the "nuclear option" in Washington's financial war against Tehran.
http://online.wsj.com/article/SB10001424053111904480904576494463569720404.html?mod=rss_middle_east_news&utm_source=twitterfeed&utm_medium=twitter