US Imposes New Sanctions on Iran

The US government has designated an elite unit of Iran's Islamic revolution Guards Corps a "supporter of terrorism" as part of a new round of sanctions. The Guards have been labeled as a proliferator of weapons of mass destruction, a reference to ballistic missiles they are allegedly developing. US Secretary of State Condoleezza Rice made the announcement alongside Treasurey Secretary Henry Paulson. The classification will allow the US to target the powerful force's finances.