Lindsey Graham: Iran Sanctions 'Crumbling'

Thursday, 27 Feb 2014 01:52 PM

By Wanda Carruthers

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The nuclear arms agreement between the U.S. and Iran that eased some economic sanctions is "crumbling," Sen. Lindsey Graham said Thursday, calling on Congress to impose new sanctions against Tehran.

"The sanctions are crumbling," Graham told Fox News' "America's Newsroom." "I want to put sanctions back on the table to let the Western world know that we're serious about sanctions. And, let the Iranians know that the pressure is not off."

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Graham said he had 59 co-sponsors for a bill to reimpose sanctions against Iran. He said Sen. Majority Leader Harry Reid wouldn't allow it to come to the Senate for a vote, and was "making the mistake of a lifetime by not putting sanctions back in place before they crumble."

"Harry Reid is following [President] Barack Obama's dictate. Barack Obama's running the United States Senate," the South Carolina Republican said.

The U.S. and six world powers agreed with Iran late last year to ease certain economic sanctions on Iran for six months, in exchange for a freeze on some of its nuclear activities.

The sanctions are "collapsing," Graham said, as indicators showed Iran's economy was improving dramatically. He said the agreement was doing "nothing to dismantle their nuclear program."

"The value of the Iranian currency is going up by about 30 percent. Their inflation rate has been dramatically lowered. Over 100 foreign delegations have visited Iran, lining up to do business. Their sales of oil to India have doubled. Their economy is resurging," he said.

Graham said he was attempting to "reset this before it's too late," and pledged to "keep doing this until we get it successful."

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