More US sanctions on Iran likely but not on oil, gas

The United States may impose more sanctions on Iran, possibly on commercial banks or front companies, but is unlikely to go after its oil and gas sector or its central bank for now, a US official said on Tuesday.

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