New U.S. sanctions on Iran now could torpedo nuclear deal: U.S. envoy Power
Reuters
Published Jan 12, 2015 10:18AM ET
New U.S. sanctions on Iran now could torpedo nuclear deal: U.S. envoy Power
NEW YORK (Reuters) - It is still possible to reach a nuclear deal with Iran, but new Congressional sanctions could seriously undermine prospects for an agreement and end up isolating Washington instead of Tehran, the U.S. envoy to the United Nations said on Monday.
"Some members of Congress believe that the time has come to ratchet up sanctions on Iran," U.S. Ambassador Samantha Power said in a speech at the McConnell Center at the University of Louisville. "They argue that this is the most effective way to achieve the goal of getting Iran to give up its nuclear program."
"We in the administration believe that, at this time, increasing sanctions would dramatically undermine our efforts to reach this shared goal," she said in the speech, which was broadcast live on the Internet.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.