Obama signs executive order freezing Iran assets in US

Washington tightens financial vise imposed on Islamic Republic over nuclear program. New order effectively blacklists all Iranian financial institutions under US jurisdiction

US President Barack Obama ordered on Monday new sanctions against Iran, including its central bank, seeking to tighten the chokehold on Tehran’s economy as a nuclear showdown deepens.

Obama signed an executive order implementing parts of a new sanctions passed by Congress late last year. The measures block all property and interests of the Iranian government, the Central Bank of Iran (CBI) and all Iranian financial institutions that come within US jurisdiction.

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