The Administration will be tightening the restrictions around Iranian banks in favor of an aerial bombing campaign against Iranian Nuclear facilities. A White House staffer was quoted as saying “even as we move toward the pressure track, the door to engagement is still open.” It would seem this move is intended to drive Tehran back to negotiations about restricting its nuclear development.
The Obama administration, having failed in its first year to reach an entente with Iran, will toughen U.S. policy by applying unprecedented pressures on that regime as it continues its quest to become a nuclear power.
Nonetheless, President Obama for now is ruling out an aerial bombing campaign against Iranian nuclear facilities and is choosing instead to further isolate Iran from the international financial system.
The first target likely will be Iran’s banks. Building on steps taken during the second term of the George W. Bush presidency, the Treasury Department likely will designate Iran’s central bank as a terrorist-supporting entity.