facebook
twitter
search
search

U.S. touts success of Iranian sanctions

Oct. 9, 2012 at 11:29 AM

WASHINGTON, Oct. 9 (UPI) -- U.S. sanctions imposed on Iran are some of the toughest in history and they're having a "profound impact" on Tehran, the White House said.

The Iranian rial collapsed last week, sending protesters into the streets of Tehran. At its low point, it took more than 37,000 rials to buy one U.S. dollar. Tehran restricted transactions in foreign currency to the Central Bank this week to add value to the rial, The New York Times reported.

U.S. and European sanctions target the Iranian energy sector. White House spokesman Jay Carney described the sanctions as the "most intense" in history.

"We have diplomatic isolation and international isolation that's unprecedented in history and it's having a profound impact on both the Iranian economy and the Iranian regime's internal political structure," he said.

Republican presidential nominee Mitt Romney, in a foreign policy address at the Virginia Military Institute, said he'd take a stronger line with Iran if elected in November.

"I will put the leaders of Iran on notice that the United States and our friends and allies will prevent them from acquiring nuclear weapons capability," he said. "I will not hesitate to impose new sanctions on Iran and will tighten the sanctions we currently have."

Iranian President Mahmoud Ahmadinejad blamed sanctions for his country's economic woes. The report from the Times notes that Iranian lawmakers voted to question Ahmadinejad over his economic policies.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Kim Jong Un had terrapin farm manager executed, says source
B-52 bombers demo long reach of U.S. air power
Army orders tactical trucks from Oshkosh
More than 80 percent of North Korean defectors are women, says report
North Korea requests medical aid from U.N. agencies