U.S. backs away from sanctions on Iran central bank

Despite weeks of tough warnings, the Obama administration has backed away from its calls to impose new and potentially crippling economic sanctions against Iran in retaliation for an alleged plot to kill Saudi Arabia’s ambassador on U.S. soil, according to diplomats and American officials.

Though U.S. officials had declared that they would „hold Iran accountable“ for a purported plot, they now have decided that a proposed move against Iran’s central bank could disrupt international oil markets and further damage the reeling American and world economies.

The softening position illustrates how concern over the weak economy has hobbled the administration when it comes to combating what officials describe as Iran’s efforts to attack U.S. interests in the Middle East and elsewhere.

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