Obama signs executive order freezing Iran assets in US
US President Barack Obama signed an executive order on Monday imposing new, stricter sanctions on Iran and its central bank, saying a broader asset freeze was necessary because Iranian banks were concealing transactions.
The executive order, described as a further step in the U.S. effort to isolate Iran, prevents any assets deemed to be in US control – including foreign branches of American banks - from being transferred, paid, exported or withdrawn. (Reuters)
