The U.S. House of Representatives Wednesday overwhelmingly approved bills that would restrict loans and interbank transfers of credit involving entities that facilitate Iran's petroleum and weapons trade.
The Obama Administration Thursday voiced opposition to a Senate plan to bar any foreign bank that knowingly conducts transactions with the Central Bank of Iran from the U.S. financial system.
A congressional committee Wednesday approved an amended measure that would sanction the Central Bank of Iran and require U.S. financial institutions to certify that their foreign counterparts have no ties to blacklisted Iranians.