WASHINGTON — The United States announced new penalties on the Iranian military and state-owned banking systems Thursday, raising pressure on the world financial system to cut ties with a regime that the West accuses of bankrolling terrorism and seeking a nuclear bomb.
The U.S. sanctions on elements of Iran's vast armed forces and its largest bank are the most sweeping since 1979, when the takeover of the U.S. Embassy in Tehran ruptured diplomatic, business and military ties.
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The sanctions are the first of their type imposed by the United States specifically against the armed forces of another government.
For more information see today's Arkansas Democrat-Gazette.
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