Middle East
As standoff with Iran continues, U.S. prepares targeted sanctions
Mullen worries about Iran running out clock on U.S.
ABOARD A U.S. MILITARY AIRCRAFT The top U.S. military officer said Sunday he does not assume Iran's brief seizure of an Iraqi oil well is part of an orchestrated plan in Tehran to threaten its neighbors. Adm. Mike Mullen also said he's worried about "the clock now running" on the Obama administration's efforts at trying to keep the lines of communication open with Iran. The administration had given a rough deadline of the end of 2009 for Iran to respond to an offer of engagement and show that it would allay world concerns about its nuclear program.
Credit Suisse to Pay Fine Over Dealing With Iran
Credit Suisse is expected to pay a fine of $536 million to settle accusations by the United States government and New York State authorities that it violated sanctions by helping Iran and other countries secretly funnel hundreds of millions of dollars through American banks, people involved in the negotiations said Tuesday.
Black Market Shows Iran Can Adapt to Sanctions
U.S. Is Seeking a Range of Sanctions Against Iran
The Obama administration is scrambling to assemble a package of harsher economic sanctions against Iran over its nuclear program that could include a cutoff of investments to the country s oil-and-gas industry and restrictions on many more Iranian banks than those currently blacklisted, senior administration officials said Sunday.