Tuesday, April 5, 2016

Obama blames Iranian behavior for lack of business interest

Barack Obama
Barack Obama

(JTA) President Barack Obama rebuked the Iranian regime for inhibiting investment through its rogue behavior.

Obama at a news conference Friday ending last week’s nuclear summit addressed reports that his administration would ease sanctions that keep Iran from engaging in dollar transactions in order to bring about benefits to Iran’s economy in exchange for its abiding by the recent nuclear deal.

The U.S. leader said that allowing Iran access to dollars was not necessary. Obama said Iran’s continued misbehavior in test-launching ballistic missiles and backing anti-Israel militants was an "important" factor in inhibiting businesses from trading with Iran despite the implementation earlier this year of the sanctions relief for nuclear rollback deal. READ MORE