Sanctions on Iranian Terrorist Regime

From the AP 

The Bush administration announced Thursday that it is imposing sweeping new sanctions against Iran’s defense ministry, its Revolutionary Guard Corps and a number of banks.

Secretary of State Condoleeza Rice, joined at a State Department news conference by Treasury Secretary Henry Paulson, said the steps the Bush administratioin is taking are designed to punish the Iranians for their support for terrorist organizations in Iraq and the Middle East, missile sales and nuclear activities.

Rice called the moves – the harshest of this kind since the takeover of the U.S. Embassy in 1979 – were in response to “a comprehensive policy to confront the threatening behavior of the Iranians.”

But she also said that Washington remains open to “a diplomatic solution.”

If France and the EU follow suit this could put a real hardship on the regime in Tehran.  Here is a previous post on that possibility.

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