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Friday, January 1, 2016

One day later: Obama backs off new Iran sanctions

New American sanctions on Iran over its ballistic missile program? Not so fast.

The White House has delayed its plan to impose new financial sanctions on Iran for its ballistic missile program, American officials said Thursday, according to The Wall Street Journal.
The announcement comes just one day after it was reported that the Obama administration is preparing new sanctions on international companies and individuals who played a role in Iran’s ballistic endeavors.

According to the officials, the decision to back off the new sanctions comes amid growing tensions with Iran over the nuclear deal struck earlier this year.

The officials said the Obama administration remains committed to combating Iran’s missile program and that sanctions being developed by the U.S. Treasury Department remain on the table. They also said imposing such penalties was legal under the landmark nuclear agreement forged between global powers and Iran in July. (READ MORE)