August 2, 2012 Leave a comment
By Alan Elsner, Editor-in-Chief
Washington, Aug. 2 – The United State Congress has approved new sanctions on Iran’s energy, shipping and financial industries, in hopes that increasing the economic pressure will persuade the Islamic Republic to halt its nuclear weapons program.
The House of Representatives voted 421-6 in favor of the Iran Sanctions, Accountability and Human Rights Act of 2012, a set of measures aimed at depriving Iran of income from its energy production and shipping trade, the country’s largest export sectors. The Senate later approved the bill on a voice vote and President Obama is expected to sign it shortly.
But Israeli Prime Minister Benjamin Netanyahu warned that Iran’s leaders remained unimpressed both by sanctions and threats of other actions.
“America and Israel have also made clear that all options are on the table. But these declarations have also not yet convinced the Iranians to stop their program,” Netanyahu said on Wednesday.
“However forceful our statements, they have not convinced Iran that we are serious about stopping them. Right now the Iranian regime believes that the international community does not have the will to stop its nuclear program. This must change and it must change quickly, because time to resolve this issue peacefully is running out,” the prime minster said.