Obama Signs New Iran Sanctions Into Law.

President Obama has signed a bill imposing tough new sanctions against Iran over its alleged nuclear weapons program. The bill Mr. Obama signed Thursday evening in an East Room ceremony targets exports of gasoline and other refined petroleum products to Iran. It bans U.S. banks from doing business with foreign banks providing services to Iran's Revolutionary Guard. The administration hopes the new unilateral sanctions, combined with ones approved last month in the U.N. Security Council, will yield results even though previous regimens failed to halt Iran's activities that could lead to nuclear weapons development. The U.N. sanctions target the Revolutionary Guard, ballistic missiles and nuclear-related investments.Link