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Europe Says It Will Impose New Iran Sanctions, With Details Forthcoming

The Council of the European Union agreed Monday to implement economic sanctions against Iran, including prohibitions on transactions involving Iranian banks and energy companies. The details of which specific Iranian companies and individuals will be targeted by measures remains unclear, but a current draft under consideration by EU foreign ministers names entities tied to Iran's elite guard corps and the Islamic Republic of Iran Shipping Line, according to a report Monday by The New York Times. The U.K.'s foreign secretary, William Hague, said that he was lobbying for additional restrictions on transactions tied to Iranian banks, insurance companies, energy investments...

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