October 13, 2011

A senior Treasury Department official said Thursday the United States is considering further sanctions against Iran’s central bank in response to an alleged plot to kill the Saudi ambassador on US soil.

In prepared testimony, sanctions czar David Cohen said that additional measures against the Central Bank of Iran were on the table and that the country is now facing unprecedented levels of trade isolation.

“We are making progress, but there is still much to be done to prevent Iran from evading sanctions already in place and to apply sufficient additional pressure on Iran,” Cohen was to tell the Senate Banking Committee.

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