New US Sanctions Target Billionaire Iranian Financier Babak Zanjani The United States has imposed new sanctions on Babak Zanjani, a billionaire financier who has been instrumental in helping Iran's economy withstand decades of international isolation.
This move is part of Washington's efforts to strangle Tehran's economy and force it back into negotiations over its nuclear program.
Background to US Iran Relations and Sanctions The roots of the current sanctions regime against Iran date back to the 1979 Islamic Revolution, which led to the overthrow of pro Western Shah Mohammad Reza Pahlavi.