Monday, July 9, 2012

US sanctions on Iran's central bank. Tehran has called this an act of war

 Obama signs toughest sanctions yet against Iran

On the last day of 2011, US President Barack Obama Saturday signed into law measures penalizing foreign financial institutions doing business with Iran's central bank, Bank Markazi - the toughest sanctions yet for Iran's program for developing a nuclear weapon. In recent weeks, Tehran has repeatedly warned that the signing of this measure would be deemed an act of war and elicit drastic steps including the closure of the Strait of Hormuz.  debkafile: Tehran appears to be heading for a showdown.

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