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(visit the link for the full news article)
US President Barack Obama has signed into law a major defence bill including tough new sanctions against Iran.
The law bans foreign firms from doing business with Iran's central bank.
But Mr Obama stressed that he had concerns about parts of the bill which increase the US military's authority over terror suspects.
"The fact that I support this bill as a whole does not mean I agree with everything in it," Mr Obama said in a statement.
HONOLULU, Hawaii — US President Barack Obama Saturday signed into law tough new sanctions targeting Iran's central bank and financial sector, in a move likely to deepen acrimony between Washington and Tehran.
The measures, meant to punish the Islamic Republic for its nuclear program, were contained in a $662 billion defense bill, which officials said Obama signed despite concern it could complicate his bid to build an international front against Tehran.
The sanctions require foreign firms to make a choice between doing business with Tehran's oil and financial sectors or central bank or the mighty US economy and financial sector.
Foreign central banks which deal with the Iranian central bank on oil transactions could also face similar restrictions under the new law, which has sparked fears of damage to US ties with nations like Russia and China.
Obama said in a statement issued as he signed the bill that he was concerned the measure would interfere with his constitutional authority to conduct foreign relations by tying his hands in dealings with foreign governments.
The bill, which passed with wide majorities in Congress, did reserve some wiggle room for Obama, granting him the power to grant 120 day waivers if he judges it to be in the national security interests of the United States.
Originally posted by Silcone Synapse
To make it clear to the layman,if this BBC article is accurate-
Obama has just done the thing (oil sanctions)which would make Iran have to call the bluff of the US Military machine.
Iran claim they will close down the vital oil artery of Hormuz if oil sanctions are applied.
They just have been,by Prez Obama.
Not good.
Originally posted by Wrabbit2000
We don't need an entirely NEW war Obama can call his very own.
Originally posted by InsideYourMind
"The fact that I support this bill as a whole does not mean I agree with everything in it," Mr Obama said in a statement.
Originally posted by zorgon
Originally posted by Wrabbit2000
We don't need an entirely NEW war Obama can call his very own.
So ummm... WHICH country are we at war with currently? I seem to be a bit confused on that issue. Don't recall us declaring war on any country the last few years
The law cuts off from the US financial system foreign firms that do business with Iran's central bank.
Originally posted by apodictic
War needs to be "declared" in order to considered a war? Officially the USA has not declared war on any nation since WW2 and since then has bombed almost 30 countries, some of them several times.