'US will likely up sanctions after IAEA report' (But not really)

Jerusalem Post ^ | 11/8/2011 | Staff

[mojito]

The United States will likely increase sanctions on Iran following the release of an incriminating UN nuclear agency report, a US official told Reuters on Tuesday.

The official added that the US will not target Iran's gas and oil industries or its Central Bank for the time being.

The US may, however, look into additional Iranian commercial banks and front companies to sanction, adding that sanctioning the Iranian Central Bank is not currently "on the table."

"I think you will see bilateral sanctions increasing," the official, speaking on condition of anonymity, told Reuters after the International Atomic Energy Agency said Iran has worked on developing an atomic bomb design and may still be conducting relevant research.

Russia, meanwhile, criticized the release the UN nuclear agency's report on Iran's nuclear program, saying it would reduce hopes for dialogue with Tehran and suggesting it was aimed to scuttle the chances for a diplomatic solution.

[mojito]

"Oh yeah, we're all for upping sanctions," says the sanctimonius WH official, "except for those sanctions that might actually hurt the regime."

[ColdOne]

No it wont. White House friend of Iran.