BREAKING NEWS

Report: US, UK, Canada to announce set of sanctions on Iran

By JPOST.COM STAFF

NOVEMBER 21, 2011 07:59

The United States, Britain and Canada are set to announce Monday a set of sanctions against Iran, according to ABC News.

US officials reportedly told ABC that the State Department will impose sanctions in areas which Iran currently uses "to work around existing sanctions on its energy and financial sectors."

Sources familiar with the matter said Friday that the US plans to sanction Iran's petrochemical industry, seeking to raise pressure on Tehran after fresh allegations it may be pursuing nuclear weapons.

The sources said Washington wanted to send a strong signal after the UN nuclear watchdog issued a November 8 report saying Iran appeared to have worked on designing an atomic bomb and may still be secretly carrying out related research.

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