House panel OKs tougher sanctions on Iran

Wednesday, 2 November 2011

Reuters

A congressional committee approved tougher sanctions on Iran on Wednesday, hitting out at Tehran's central bank following an alleged Iranian plot to kill the Saudi ambassador to Washington.

…Business group USA Engage called the bill "draconian" and "counterproductive." The sanctions are weakening Iran's private sector "yet strengthening the grip of the ruling regime," the group's director, Richard Sawaya, said in a statement.

Click here to read the full article.