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"U.S. names Iranian bank as weapons proliferator:"
The Treasury Department on Tuesday named Iran's state-owned Bank Sepah as a proliferator of weapons of mass destruction, and banned all transactions between it and U.S. businesses.
"Bank Sepah is the financial linchpin of Iran's missile procurement network and has actively assisted Iran's pursuit of missiles capable of carrying weapons of mass destruction," said Stuart Levey, Treasury's Under Secretary for Terrorism and Financial Intelligence.
In addition to prohibiting transactions with Bank Sepah, a major commercial Iranian bank, Treasury said any assets that it may have under U.S. jurisdiction are frozen.
Increasingly Iran is being seen as a center of the global war radical jihadists are waging against the West. In fact, it was recently reported that Iranian President Ahmadinejad has said that Iran, in opposition to the U.S. and Britain, will win World War III:
As later recounted to the New York Times by an Annan aide, Ahmadinezhad told Annan that though Britain and the United States had won the last world war, Iran would win the next. “It wasn’t the tone and the content that stunned us,” the aide told the Times. “It was the fact that he talked like he meant it and believed it.” After all, Annan and his colleagues hadn’t realized there would be a next world war.
In the eyes of the Ahmadinezhad and his supporters, however, that war has already begun. In their way of thinking, radical Islamists have already brought the collapse of one superpower (the Soviet Union, which they believe fell because of the Afghan war) and are on route to victory in Europe. America is next.
Iran must not be allowed to have nuclear weapons.
