U.S. Will Not Impose Sanctions On Iran's Central Bank

Photo: Central Bank of Iran

U.S. Backs Away From Sanctions On Iran Central Bank -- L.A. Times

Despite vows to punish Iran for an alleged plot to kill the Saudi ambassador, U.S. officials have decided that such sanctions could disrupt oil markets and further damage the U.S. and world economies.

Despite weeks of tough warnings, the Obama administration has backed away from its calls to impose new and potentially crippling economic sanctions against Iran in retaliation for an alleged plot to kill Saudi Arabia's ambassador on U.S. soil, according to diplomats and American officials.

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My Comment: I wrote a few weeks ago that if the U.S. was REALLY serious about sanctions, putting sanctions on Iran's Central Bank would be crossing the red line on U.S. intent and desire on punishing Iran and its government. The impact would be immediate and devastating, a fact that the Iranians also know when they stated bluntly that such an imposition would be (in their eyes) a declaration of war. While I tend to dismiss most Iranian remarks as bravado .... these remarks I took serious. The U.S did the same thing to the Japanese in 1941 (sanctions on their Central Bank), and the Japanese responded with an attack on Pearl Harbor.