U.S. to Freeze the Assets of More Businesses That Trade with Iran

December 19, 2013

On December 12, the U.S. Treasury Department made its latest announcement that it would freeze the assets of more businesses, including some Iranian companies, which are accused of trading practices prohibited by U.S.-imposed sanctions. According to David S. Cohen, Under Secretary for Terrorism and Financial Intelligence, U.S. Department of the Treasury, "We are watching closely, and we are prepared to take action against anyone anywhere who attempts to violate our sanctions."

The Obama administration has openly declared economic war against Iran and is trying to get other countries to join in.

The real aim of U.S. imperialism is to maintain and extend its control over this oil-rich and strategic region. Its continued militarization of the Persian Gulf and Middle East shows that it is prepared and preparing to wage new aggressive wars to "protect" its empire of oil.

Major economic sanctions against Iran were originally passed by a unanimous vote in Congress and signed into law by President Bill Clinton on August 5, 1996. In January 2013, the U.S. President was authorized by Congress to independently increase penalties on companies and countries engaged in trade with Iran.