U.N. Resolution Would Sanction All Iranian Financial Institutions Associated with Nuclear Effort

By Colby Adams

The Iran sanctions proposal under consideration at the United Nations could result in international financial institutions broadly dropping their ties to Iran's banking industry, say analysts. The measure, introduced Tuesday, would further restrict financial and trade ties with the Islamic republic, which has been accused of attempting to develop nuclear weapons. The United States introduced the draft a day after Iran negotiated a deal with Turkey and Brazil to ship most of its enriched uranium abroad in an effort to avoid sanctions. "The resolution helps block Iran's use of the international financial system, particularly its banks, when they may be...