Obama administration expands sanctions against Iran

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The Obama administration on Wednesday expanded sanctions against Iran, adding four subsidiaries and a person all connected to the Islamic Revolutionary Guard to the list of those facing business limitations.

The move comes as Iran has signaled it is stepping up its nuclear program and President Obama said this week that the United States was considering more sanctions as a way of forcing the Islamic Republic to give up its nuclear ambitions.

At a news conference, Obama said the United States was hopeful that Russia and China would go along.

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