Europe has voted to stop buying Iranian oil later in July. Tehran is discussing legislation that will cut off the Europeans immediately.
Now the U.S. is considering more sanctions in the banking sector for Iran, but how quickly they be implemented if they get the vote on February second is anybody's guess.
The fact is that Obama's administration is not implementing with any great hurry the two different sanctions they got approved on December 31, 2011. They either don't know how to or more likely they are hesitating because it just doesn't sit well with their "let's not get Iran upset at all" ideology.
Meanwhile, Iran continues on its merry way getting closer to having the capability of launching nuclear weapons for chances are they already have the weapons.
US Senate banking panel to vote ... JPost - Iranian Threat - News
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