U.S. Urges Financial Sanctions On Iran

The Bush administration is pressing Europe and Japan to impose wide-ranging sanctions designed to stifle the Iranian leadership financially if diplomatic efforts fail to resolve an impasse over the country's nuclear program, according to internal government memos and interviews with three U.S. officials involved.

Developed by a Treasury Department task force that reports directly to Secretary of State Condoleezza Rice, the economic measures go far beyond the diplomatic pressure exerted by the Bush administration to date, both in scope of action and in objective.

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