The Norman Transcript

Nation/World

October 19, 2013

US considers Iran sanctions

(Continued)

WASHINGTON —

“Iran will have to agree to meaningful, transparent and verifiable actions before we can seriously consider taking steps to ease sanctions,” White House spokeswoman Bernadette Meehan said. Meehan and State Department spokeswoman Jen Psaki declined to comment on specific types of sanctions relief, calling such questions “premature and speculative.”

Officials who confirmed the cash reserves approach weren’t authorized to speak publicly on the matter and demanded anonymity.

Congress is already weighing in. Republican Sen. Mark Kirk of Illinois, a key proponent of Iran sanctions, plans to introduce an amendment to a new package of international restrictions on commerce with Iran that would seek to provide the administration with more sticks and carrots for talks through Iran’s cash reserves, a Senate aide said.

Kirk’s plan would freeze any remaining assets overseas that Iran can still access by threatening to cut off from the U.S. market any foreign banks that continue doing business with Iran. At the same time, it would also give Obama the flexibility to allow Iran to access some of that $50 billion to $75 billion it can’t use today, said the Senate aide, who wasn’t authorized to speak publicly on the pending legislation and demanded anonymity.

There’s a catch, however. Kirk’s legislation would allow Iran to get the money only if it agrees to end all uranium enrichment and reprocessing, activities that even Rouhani’s new reformist government has vowed to continue. Iran insists its program is solely for peaceful energy production and appears unlikely to accept such an offer.

Thus, the proposed legislation may actually constrict the administration’s negotiating ability rather than give it more leeway.

The strategy to leverage Iran’s cash reserves is the brainchild of Mark Dubowitz, executive director of the hawkish Foundation for the Defense of Democracies. Dubowitz, who often advises Congress and the administration on sanctions policy, said the strategy offers the administration an easy way to raise or ease pressure on Iran.

Text Only | Photo Reprints
Nation/World
  • Senate approves new VA secretary

    WASHINGTON — The Senate on Tuesday unanimously confirmed former Procter & Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans’ waits for health care and VA ...

    July 30, 2014

  • Senate passes highway bill, sends it to House

    WASHINGTON — The Senate on Tuesday voted to change the funding and timing of a House bill to keep federal highway funds flowing to states in an effort to force Congress to come to grips with chronic funding problems that have plagued ...

    July 30, 2014

  • Israel targets Hamas infrastructures in latest round of bombing

    GAZA CITY, Gaza Strip — Israel unleashed its heaviest bombardment in a 3-week-old war against Hamas on Tuesday, striking symbols of the militant group’s control in Gaza and firing tank shells that Palestinian officials said shut down the ...

    July 30, 2014

  • Be ready for ‘prolonged’ Gaza war, prime minister says

    GAZA CITY, Gaza Strip — Signaling an escalation of Israel’s Gaza operation, Prime Minister Benjamin Netanyahu told Israelis Monday to be ready for a “prolonged” war, and the military warned Palestinians in three large neighborhoods to ...

    July 29, 2014

  • Deal to improve health care costs $17B

    WASHINGTON — A bipartisan deal announced Monday would authorize about $17 billion to help veterans avoid long waits for health care, hire more doctors and nurses to treat veterans and make it easier to fire executives at the Department of ...

    July 29, 2014

  • FedEx charges raising online pharmacy issues

    SAN FRANCISCO — FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions....

    July 27, 2014

  • EU, U.S. seek to curb Putin’s Ukraine course

    BRUSSELS — Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for a way to persuade Russian President Vladimir Putin to change course....

    July 27, 2014

  • Fighting intense near crash

    DONETSK, Ukraine — Ukrainian armed forces mounted a major onslaught against pro-Russian separatist fighters Sunday in an attempt to gain control over the area where a Malaysia Airlines plane was downed earlier this month....

    July 27, 2014

  • Gaza war rages despite truce pledges

    GAZA CITY, Gaza Strip — Israel and Hamas launched new attacks Sunday in the raging Gaza war, despite going back and forth over proposals for a temporary halt to nearly three weeks of fighting ahead of a major Muslim holiday....

    July 27, 2014

  • Hamas fires rockets on Israel, ending 12-hour lull

    BEIT HANOUN, Gaza Strip — Hamas said it fired five rockets at Israel late Saturday after rejecting Israel’s offer to extend a 12-hour humanitarian cease-fire by four hours, casting new doubt on international efforts to broker an end to 19 ...

    July 27, 2014