New U.S. audit questions efficacy of Iran sanctions

Source: reuters

WASHINGTON (Reuters) - The economic impact of U.S. sanctions against Iran is unclear and Iran has signed about $20 billion in energy contracts with foreign firms since 2003, said a U.S. audit report.

"U.S. officials and experts report that U.S. sanctions have specific impacts on Iran; however, the extent of such impacts is difficult to determine," said the report by the nonpartisan Government Accountability Office, which was obtained by Reuters late on Tuesday.

"Other evidence raises questions about the extent of reported economic impacts," it added.

The report by the investigative arm of Congress comes as the Bush administration is pushing for a third round of U.N Security Council sanctions against Iran and planned talks with major powers in Berlin next week to iron out differences on those punitive measures.

The GAO urged the White House National Security Council to do a "baseline assessment" of the sanctions, imposed against Iran over its nuclear program, and to report those results to the U.S. Congress.

Read more: http://www.reuters.com/article/newsOne/idUSN1556408320080116

now saying, We gave iran every chance in the world to conform to and abide by the saanctions set down by the United nations and they have failed to do so. We have given them every opportunity to join our allies in a peaceful resolution to iran's meddling in Middle eastern affairs. Since they have not, I have ordered.....

I can hear the son of a bitch in my dreams! That should be nightmares.

Empty threats will only take you so far, then they stop working.

So Ahmadinejad can't get Norwegian cavier or U.S. luxury cars.

I'm sure that really hurts.