American attempts to persuade Europe to think again about financial involvement in Iran may be starting to bear fruit, according to European banking officials. Whether such “back-door sanctions” will work is far less apparent, experts say. Troubled by a lack of speedy progress in the UN toward imposing economic sanctions on Iran over its suspect nuclear program, the US has stepped up efforts this month to persuade allies to shun Iran’s financial system, claiming that Iran may tap banks to illicitly finance terror operations or the purchase of materials for nuclear weapons. Full Story
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