Obama Imposes Freeze On Iran Property in U.S.

WASHINGTON -- The White House moved to enforce tightened sanctions against Iran on Monday because of the country's suspect nuclear program, freezing all property of the Central Bank of Iran, other Iranian financial institutions and the Iranian government in the United States. The new restrictions also raised new warnings to financial institutions in other nations that they could face big penalties in the United States if they did business with Iran's central bank. [ABSTRACT FROM AUTHOR]