BUSINESS
03/28/2008 02:45 am ET | Updated May 25, 2011

Bush Approves Financial Sanctions Against Iran

In approving far-reaching, new unilateral sanctions against Iran, President Bush signaled yesterday that he intends to pursue a strategy of gradually escalating financial, diplomatic and political pressure on Tehran, aimed not at starting a new war in the Middle East, his advisers said, but at preventing one.

Bush believes Tehran will not seriously discuss limiting its nuclear ambitions or pulling back from its involvement in Iraq unless it experiences significantly more pressure than the United States and the international community have been able to exert so far, according to administration officials and others familiar with the president's thinking.

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