Sanctions' Squeeze On Iran Tightens
The squeeze on the Iranian economy due to international sanctions is turning into a stranglehold. The latest sign of Iran's economic trouble is a new drop in the country's oil output. And last week brought a new punishment: Iranian banks were barred from participating in a key international clearinghouse. Iran will have a harder time importing food, apparel, electronics and other foreign goods, which could heighten consumer discontent. U.S. officials hope that Iranian government anxiety about its popular support will prompt a rethinking of its nuclear program.