Iranian asset freeze Extended

Stop Fundamentalism, Nov 13 – AFP reported that President George W. Bush on Thursday extended by another year a freeze of Iranian government assets in the United States.  The Freeze has been in place since the 1979 Islamic revolution.

The measure was ordered by then president Jimmy Carter on November 14, 1979, 10 days after Islamist militants took over the US embassy in Tehran where they eventually held about 60 hostages for 444 days. Washington has since reinforced a sanctions regime on the Islamic republic that has hurt the Iranian economy.