The Treasury Department is targeting a shipping company for its alleged connection to a network of front companies that were used to evade Iranian oil sanctions.
A bipartisan group of senators introduced Wednesday legislation that would block Iran’s access to the country’s foreign exchange reserves held in foreign banks, potentially worth up to $100 billion.
Oil prices “could double,” increasing the U.S. price of gasoline by up to $2.75, if Iran is permitted to obtain a nuclear weapon, according to a new economic analysis by a bipartisan team of current and former government officials.
The recent collapse of Iran’s currency has led foreign policy experts to caution President Barack Obama’s administration against declaring that economic sanctions are the key to ending Tehran’s clandestine nuclear arms program.
A senior military adviser to Iranian Ayatollah Ali Khamenei said that Israel had brought itself “one step away from the cemetery,” according to Reuters.
With new evidence that Iran is on the cusp of finalizing a nuclear weapon, a pointed war of words between the U.S. and Israel escalated Tuesday, as Israeli Prime Minister Benjamin Netanyahu declared that the Jewish state will not wait for the Obama administration to sign off on a possible strike against Iran.
A new United Nations nuclear watchdog report on Iran’s nuclear program reveals Tehran is moving ahead with illicit uranium enrichment work, undermining Obama administration claims that sanctions will slow the program.
Computer systems at Iran’s nuclear facilities were attacked recently by a new worm that forced some workstations to randomly play the heavy metal rock song Thunderstruck, U.S. officials said.
Obama campaign surrogate Robert Wexler maintained in a debate with Dan Senor, a foreign policy advisor to Mitt Romney, that the president “has ushered in the most serious comprehensive set of sanctions against Iran that any nation has faced in the history of the world,” in an interview Tuesday with CNN.