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The United States today imposed its harshest programme of sanctions on Iran since the Islamic Republic's 1979 revolution.
Condoleezza Rice, the Secretary of State, announced that 22 Iranian Government agencies and three state-owned banks were being blacklisted, in an attempt to punish Iran for refusing to stop enriching uranium.
In particular, the sanctions target Iran's elite Quds Force, a military unit which the US says helps to train worldwide Islamist militant groups, as well as its Revolutionary Guards.
Announcing the measures, Ms Rice told journalists: "These actions will help to protect the international financial system from the illicit activities of the Iranian government.
"They will provide a powerful deterrent to every international bank and company that thinks of doing business with the Iranian Government."
The Secretary of State, who yesterday described Iran as the single greatest challenge to US security, added that America was committed to resolving the crisis through diplomatic means.
However, she gave warning: "If they choose to continue down a path of confrontation, the US will act with the international community to resist these threats of the Iranian regime."
There was no immediate reaction from Iran, but a leading Iranian MP immediately dismissed the new sanctions as a "strategic mistake."
"This will make the wall of distrust between Iran and the United States higher every day and will close down dialogue," Kazem Jalali, spokesman for the Iranian Parliament’s foreign affairs and security commission, told the AFP news agency.
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The short sightedness and lack of knowledge of the comment ators on the forum shocks me the Mullahs came to power to depose a corrupt shah who was imposed on the country by the united states in a coup against the democratically elected government in 1953
steve, woolwich,
The regime in Iran is no worse than those in many other countries, including China and Pakistan, both of which have nuclear weapons - don't recall America threatening them with war or sanctions. Iran's real problem is that it sits on a large portion of the world's oil reserves, and at the same time refuses to become a satellite state of the USA. Unfortunately, Iran's ownership of the oil reserves is cause enough for Bush to visit death and destruction upon it.
Neil, Gloucestershire, England
Mmmn, I suspect business will carry on as usual where there is real money to be made, after all they are not going to let a little thing like nuclear weapons get in the way of serious cash are they?
Graham Palfrey, Littlehampton,
Iran
Was it not the Iranian Islamic fundamentalists that started the whole middle East conflicts in 1979 with the violent and bloody seizure of power, displacing the Shah. As I recall the Shah was on very cordial terms with Britain, and was moving to a democratic system protected by the royal Shah family and the armed forces loyal to the Shah.
Brave little Iraq, under threat of a similar seizure, defended itself and stopped the fundamentalists from sweeping around the Gulf and destabilising the whole of the oil depended West. But it became a military dictatorship as a result and in turn threaten the Gulf and the West.
It is time the Iran Islamic fundamentalist were recognised for the violent threat they are by the civilised world and stopped.
Wini, South Coast, Britain
does the usa control the international financial system. hey say their is o protect that system
trevor, bristol, uk
sar raiders if caught how shouild they be treated?
trevor, bristol, uk
Well if we use the Iraqi sanctions as a yard stick then we see that sanctions shut out everyone else while the rich, powerful and corrupt make back hand deals and get rich.
Sanctions wont solve anything.
Phill Barlow, The Wirral, England
We all known how well America's sanctions againt Castro' Cuba have worked over the last 50 years. Enough said!
Bruce Northwood, Silver Spring, USA
The US move, is 25 years too late for most Iranians stuck with the dictatorial mullah regime.
The regime will fulfil the gaps by putting more pressure on the private sector, creating more enterprise for the regime cronies who surive on currency smuggling and artificial exchange rate premiums, asset grab and property confiscation of ordinary individuals.
If the objective is to isolate the Iranian regime and hurt it economically, I am afraid these punitive measures are too short and more of a headache than strategic concern
.
The measures are aimed at operational and tactical activities and they will not be effective. If the intent is to bury the regime and force it to collapse, then stop buying the oil. The Chinese and Japanese need to be involved. No oil sales, no income and no more money to feed the regime. It will collapse within 6 months.
Unfortunately, the ordinary Iranians will shoulder the burden and are powerless to change this dictatorial regime.
Atash, London, UK