Obama orders new sanctions on Iran

David Jackson
usatoday.com
July 31, 2012

President Obama ramped up economic sanctions against Iran today, targeting that nation’s oil sales and financial transactions.

Again pledging to block Iran from developing the means to make a nuclear weapon, Obama said in a statement: “With these actions, we are once again reaffirming our commitment to hold the Iranian government accountable for its actions.”

Obama said the United States remains committed to a diplomatic solution of the nuclear dispute, “but the onus is on Iran to abide by its international obligations.”