Iranian banks

(Newser) - President Obama issued an executive order today imposing tough new sanctions on Iran's Central Bank. The order freezes "all property and interests in property of the Government of Iran," and of "any Iranian financial institution." The sanctions were included in the controversial defense bill Obama...

(Newser) - Mahmoud Ahmadinejad took the dramatic step of eliminating state subsidies on fuel, food, and other essential items this weekend, sending their prices skyrocketing for ordinary Iranians. Gas prices quadrupled overnight, and the price of diesel jumped 900%, the New York Times reports. Ahmadinejad said the step was necessary given Iran’...

(Newser) - Senior Treasury Department official Daniel Glaser met last month with representatives from Iran to discuss "the significant threat Iran poses to the integrity of the international financial system," Reuters reports. The rare talks, which required special permission from the US government, took place during a meeting of the...