Analysis: Iran Standoff Deepens
Council on Foreign Relations
Updated: March 26, 2007
Prepared by: CFR.org Staff
The UN move was occurring on a parallel track with informal U.S.-led efforts to tighten economic screws on Iran. More than forty financial institutions have curtailed business with Iranian entities since the U.S. campaign began last fall, the Washington Post reports. Matthew Levitt, an expert on terrorism financing at the Washington Institute for Near East Policy, says in a new CFR.org Podcast that Iran is already feeling a financial squeeze and that the United States should consider applying further pressure against Iranian banks. As CFR Director of Studies Gary Samore said in a recent speech before the International Institute for Strategic Studies, since the first resolution's passage, “the balance has begun to shift,” given Moscow and Beijing's support for graduated punitive measures.
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Copyright 2007 by the Council on Foreign Relations. This material is republished on GlobalSecurity.org with specific permission from the cfr.org. Reprint and republication queries for this article should be directed to cfr.org.
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