U.S. Announces Unilateral Sanctions Against Iran

October 25, 2007 · Filed Under Terrorism, Terrorists

The Bush administration announced sweeping new sanctions against Iran Thursday – the harshest since the takeover of the U.S. Embassy in 1979 – charging anew that Tehran supports terrorism in the Middle East, exports missiles and is engaging in a nuclear build up.

Secretary of State Condoleezza Rice, joined at a State Department news conference by Treasury Secretary Henry Paulson, said the steps the Bush administration is taking against the Revolutionary Guard Corps and a number of banks are designed, among other things, to punish Tehran for its support of terrorist organizations in Iraq and the Middle East.

Rice said the moves were in response to “a comprehensive policy to confront the threatening behavior of the Iranians” although she also said that Washington remains open to “a diplomatic solution.”