Tuesday, July 31, 2012

Reuters: Politics: Obama tightens sanctions on Iran energy, finance

Reuters: Politics
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Obama tightens sanctions on Iran energy, finance
Jul 31st 2012, 18:45

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President Barack Obama speaks at the 113th VFW National Convention in Reno, Nevada, July 23, 2012. REUTERS/Larry Downing

President Barack Obama speaks at the 113th VFW National Convention in Reno, Nevada, July 23, 2012.

Credit: Reuters/Larry Downing

WASHINGTON | Tue Jul 31, 2012 2:45pm EDT

WASHINGTON (Reuters) - President Barack Obama announced new U.S. sanctions against Iran's energy, petrochemical and financial sectors on Tuesday that he said would further pressure the country for failing to meet international nuclear obligations.

In a statement, Obama said the United States remained committed to finding a diplomatic resolution to the standoff with Tehran but was committed "to hold the Iranian government accountable for its actions."

"If the Iranian government continues its defiance, there should be no doubt that the United States and our partners will continue to impose increasing consequences," he said. Obama has been criticized by Republican presidential challenger Mitt Romney for failing to act strongly enough to stop Iran from gaining a nuclear weapon.

(Reporting by Laura MacInnis; Editing by Will Dunham)

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Comments (3)

Wonder is the US president and the IRanian Supreme leader will ever be in the same room to talk about these issues

Jul 31, 2012 2:55pm EDT  --  Report as abuse

Wonder is the US president and the IRanian Supreme leader will ever be in the same room to talk about these issues

Jul 31, 2012 2:55pm EDT  --  Report as abuse

Wonder is the US president and the IRanian Supreme leader will ever be in the same room to talk about these issues

Jul 31, 2012 2:55pm EDT  --  Report as abuse

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