WASHINGTON - Targeted financial sanctions have been effective in isolating Iran, causing a painful situation for Teherans leaders and raising questions about the Iranian administration, a US Treasury official said on Thursday.
| Have an 'accident' at an Iranian oil refinery and now you have something ... | Iran has found itself increasingly isolated from the international financial system as banks around the world decide that maintaining their Iranian clientele is not worth the risk of unwittingly facilitating (weapons) proliferation or terrorism, Treasury Under Secretary Stuart Levey said in remarks prepared for delivery to an American Bar Association conference in Miami.
That self-imposed isolation combined with the Iranian regimes mismanagement of their countrys economy is beginning to generate a debate about the wisdom of the current regimes policies, he added. |