U.S. Imposes New Sanctions on Iran over Peaceful Nuclear Program

Local Editor

The United States imposed new sanctions on networks linked to Iran on Friday, despite the U.S. administration saying it was still pursuing a negotiated solution with the Iranian government to resolve its nuclear issue.

U.S. President Barack Obama’s administration emphasized that it was still pursuing a negotiated solution with the Iranian government to resolve concerns about its nuclear program.
The Treasury announced more than 25 sanctions targeting individuals and entities, including shipping and oil companies, banks and airlines.

The new sanctions expanded the vast web of international sanctions that remain in force despite a temporary narrow lifting of sanctions in exchange for Iran’s suspension of some of its nuclear activities.

The P5+1 group -- Britain, China, France, Germany, the United States, plus Russia -- extended an interim agreement by four months, to November 24, to allow more time to negotiate a final accord.

Source: News Agencies, Edited by website team