U.S. is Likely to Push U.N. to Extend Sanctions to All Iranian Government-Owned Banks

By Colby Adams

If talks between Iran and global powers founder, the United States will likely lobby the United Nations to blacklist at least one of two Iranian government-owned banks, say sanctions analysts. The potential sanctions would follow negotiations between United Nations Security Council members to get the Persian country to be more forthcoming about the nature of its nuclear program. In meetings held last week in Geneva, Iranian negotiators agreed to international inspections of a nuclear site, a move that could potentially offset sanctions threats. Because the United Nations currently blacklists only three of the five Iranian government-controlled banks that are explicitly...