New US Sanctions on Iran and Israel Reaction

Other U.S. sanctions on Iran are more significant for its time that its immediate effect on Iran’s economy, which comes as the U.S. and its allies argue that Israel should hold off on any military strike against Iranian nuclear facilities to allow more time for sanctions to work.

The U.S. ordered tough new penalties Monday to give U.S. banks additional powers to freeze assets related to the Iranian government and close loopholes that officials say Iran has used to move the money despite the restrictions imposed earlier by U.S. and Europe.

Like previous economic sanctions, these are intended to persuade Iran to back what the West says is a drive to build a nuclear bomb. Israel, increasingly concerned that sanctions will never be enough to make Iran fall in what has become a national priority for clerical regime has pledged to wipe Israel off the map.

The fastest and most effective sanctions can be seen working, the better the case to shelve any plan by Israel to bomb Iran, a move that could lead to urgent war in the Middle East again. Taking this first step against the Central Bank of Iran, the first time that the U.S. has gone straight after that great institution, is a form of the Obama administration can show the momentum now.

Israeli officials are open about their concerns that Iran could be on the verge of a bomb this summer and this spring offers the last chance to destroy bomb-related facilities. Many Israeli officials believe that the sanctions only give Iran time to transfer its nuclear program underground, away from Israeli military attacks.

Israel considers Iran its most dangerous enemy and has pledged to keep from going nuclear.

Hardline Israeli Foreign Minister Avigdor Lieberman, was in Washington this week and will meet with Secretary of State Hillary Rodham Clinton on Tuesday. He refused questions after a meeting at the Capitol on Monday, an Israeli official in Jerusalem said the prime minister has told cabinet members not to be so openly about the possibility of attacking Iran.

The official spoke on condition of anonymity because he was talking about a closed door meeting.

Israeli Prime Minister Benjamin Netanyahu, has often been said about keeping all options on the table for dealing with Iran.

The new sanctions, stricter legislation authorized President Barack Obama signed in December, will be enforced under an order signed so far.

The U.S. and Europe want to deprive Iran of oil revenues that need to run their government and pay for the nuclear program. However, many experts believe that Iran will be able to find other buyers outside Europe.

The European Union announced last month that will ban the import of Iranian crude oil since July. The U.S. do not buy oil from Iran, but last month imposed sanctions on Iran’s banks to make it harder for the nation to sell oil. The U.S., however, has delayed the implementation of these sanctions for at least six months as they are concerned about sending oil prices at a time when the world economy is in trouble. Iran exports about 3 percent of world oil.

White House spokesman Jay Carney denied that Monday’s surprise announcement of the new banking sanctions was a sign of growing concern about an Israeli attack.

“There has been a steady increase in our business sanctions and this is part of the climb,” he said.

Carney said the U.S. sanctions Iran is already squeezing Iran’s economy and exacerbated tensions within the Iranian leadership.

“There is no doubt that the impact of Iran’s isolation and economic sanctions against Iran have caused unrest in Iran added,” he said.

Iran is the third largest exporter of crude oil, giving its leaders and leverage financial resources to withstand the external pressure. Last year, Iran generated $ 100 billion in oil revenues, up from $ 20 billion a decade ago, according to IHS CERA, an energy consulting firm.

If Iranian oil is prevented from reaching the market, other suppliers could make a difference. The U.S. has been pressuring other countries in the Middle East and Africa to increase production for sale to Europe. Saudi Arabia has said it could increase production to compensate for any loss Iranian crude.

The Iran’s disputed nuclear program became a global concern more than five years ago when the scope of the country’s research and uranium enrichment became known. Since then, a network of international economic sanctions and others have failed to halt Iran’s progress toward a point where we could build one or more nuclear devices.

U.S. intelligence agencies say Iran is very close to that capability, but has not yet decided to go ahead. Iran says its nuclear program is peaceful and denounced the sanctions as an assault.

The White House had previously said it would take months to assess the likely impact on the fragile world economy before taking the next big steps, including further sanctions on the Central Bank.

Now, U.S. institutions are obliged to seize Iranian state assets are, rather than reject the transaction.

The value of Iranian assets affected by the new order was not clear. Iran does almost no direct business with the United States after three decades of enmity, but the money moves through the global financial system and its oil is sold in dollars.


He is learning History in Tehran university one of the most reputed universities in Tehran . Beside this , He has worked in Mash’had Times from 2006 until 2009 . He joined the team in middle 2010 . Phone number: +989356891256 , Email address: Ahmad (at) KabirNews.com

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