The United States announced tougher sanctions against Iran on Monday, joining Britain and Canada in a coordinated effort to tighten the screws around the country's suspected nuclear weapons program.
The new measures target Iran's petrochemical industry and its oil and gas business, said U.S. Secretary of State Hillary Clinton. The United States also named Iran as a "primary money laundering concern."
Clinton said she expects additional sanctions by other international partners and that taken together "these measures represent a significant ratcheting up of pressure on Iran, its sources of income and its illegal activities."
Britain cut all financial ties with Iran, the first time it has cut an entire country's banking sector off from British finance, the British Treasury announced earlier on Monday.
Similarly, Canada said it was implementing a series of tougher sanctions, prohibiting almost all financial transactions with the Iranian government.
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