The Obama administration is seeking to create harsher economic sanctions on Iran due to there secret nuclear program. These sanctions could include cutting off investments to the Iran's oil-and-gas industry and restrictions on many more Iranian banks than those that are currently blacklisted. Defense Secretary Robert Gates says there are many potential targets for Iranian sanctions especially in energy equipment and technology, but the administration is looking for a coalition of partners to support these sanctions if China and Russia do not. Even Israel supports Obama's plan to threaten Iran through non violent measures, but China and Russia are heavily reliant on Iranian oil. This will be the biggest hurdle for these sanctions to work long-term.
By Paul Yuccas
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