BREAKING NEWS

US lawmakers reach deal on Iran sanctions

By ASSOCIATED PRESS

JUNE 22, 2010 00:25

WASHINGTON — US House and Senate negotiators said Monday they have reached agreement on a new round of economic sanctions against Iran aimed at dissuading the Teheran government from pursuing the development of nuclear weapons.

The latest proposed sanctions against Iran focus on disrupting exports of gasoline and other refined petroleum products to Iran and banning US banks from doing business with foreign banks that provide financial services to Iran's Revolutionary Guard.

The draft agreement, announced by Senate Banking Committee Chairman Chris Dodd and House Foreign Affairs Committee Chairman Howard Berman, both Democrat, comes on the heels of both international and US moves to punish Iran its refusal to abandon its nuclear program.

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