'The Iranian economy would collapse pretty quickly,' under 'total embargo scenario' hinted at by U.S. lawmakers
by Machiavelli
WASHINGTON — Lawmakers in the U.S. Congress are looking at ways to expand economic sanctions on Iran, measures that have helped push the country’s currency into free fall but have not yet pressured Tehran to abandon its nuclear program.
The proposals, still in the early stages of development, would aim to penalize foreign banks that handle any significant transactions with the Central Bank of Iran.
