President Obama Signs Iran Sanctions Act

WASHINGTON — President Barack Obama has signed into law a bill imposing tough new sanctions against Iran over its alleged nuclear weapons program.

The bill Obama signed Thursday evening in an East Room ceremony targets exports of gasoline and other refined petroleum products to Iran. It bans U.S. banks from doing business with foreign banks providing services to Iran's Revolutionary Guard.

The administration hopes the new unilateral sanctions, combined with ones approved last month in the U.N. Security Council, will yield results even though previous regimens failed to halt Iran's activities that could lead to nuclear weapons development.more

Source: AP