U.S. Sanctions Iran

CNN

The United States has added more Sanctions against Iran in the light of the heated exchange between these two countries..

The United States imposed stiff sanctions against Iran on Thursday, targeting two Iranian military groups and a number of Iranian banks and people it accuses of backing nuclear proliferation and terror-related activities.

The revolutionary Guard, which where deemed a terrorist organization and the elite arm of the Iranian armed forces, where sanctioned, along with several banks.. for those who don't remember we did nearly the exact same thing to Iraq (sanctioning banks and companies who did business with Iraq) right before our invasion, prior a few months.

"What this means is that no U.S. citizen or private organization will be allowed to engage in financial transactions with these persons and entities," Secretary of State Condoleezza Rice said. "In addition, any assets that these designees have under U.S. jurisdiction will be immediately frozen."

No more business with Iran.. private companies doing so will have assets frozen .. this is, imo, the strongest display of a coming war citing irreconcilable differences between the two states.. That is, of course my opinion, though it may be your opinion as well, these are simply the facts.. stronger sanctions against Iran in the exact fashion as we did to Iraq.

Rice and Treasury Secretary Henry Paulson made the announcement in a brief appearance before reporters on Thursday morning.

Rice accused Iran of "pursuing nuclear technologies that can lead to a nuclear weapon; building dangerous ballistic missiles; supporting Shia militants in Iraq and terrorists in Iraq, Afghanistan, Lebanon and the Palestinian territories; and denying the existence of a fellow member of the United Nations, threatening to wipe Israel off the map."

"Many of the Iranian regime's most destabilizing policies are carried out by two of its agencies: the Islamic Revolutionary Guard Corps, or the IRGC, and the Quds force, an arm of the IRGC," she said.

Comments?

Adding a little bit of detail, the current Sanctions now placed against Iran helped drive oil prices a little higher today, reaching over $90 a barrel ..

Coupled with a weakening currency and the US pissing off OPEC nations like Iran, venezuela and taking out Iraq, OPEC has announced it will NOT up production to reduce prices for Americans ... OPEC will stand firm with current levels as prices rise.. some experts are estimating that in a few months time we will be well above $100 a barrel, especially with holiday traffic coming..

CNN

[edit on 10/25/2007 by Rockpuck]

If you chuck someone a nuclear bomb and let it explode, one is coming back. Why don't the Iranians seem to understand this?

Originally posted by Rockpuck
production to reduce prices for Americans ... OPEC will stand firm with current levels as prices rise.. some experts are estimating that in a few months time we will be well above $100 a barrel, especially with holiday traffic coming..

I actually heard on the radio this morning that the oil issue shouldn't be quite so bad because we are expecting a mild winter, so there will be less of a demand for oil than if more was required to keep us warmer. But it's still bad.

I have heard that we are due for a stronger winter this year, as last year it was in the 60's until January .. either way it will be slightly higher prices for us, especially if it keeps rising..

Though I am not sure what our sanctions against Iran will have against oil production inside the state, or whether or not European nations will follow and stop importing Iranian oil.. that alone could drive prices sky high..