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Tuesday
Jul022013

Another Crippling Sanction Imposed Against Iran

iStockphoto/Thinkstock(TEHRAN, Iran) -- Without much fanfare, the U.S. National Defense Authorization Act (NDAA) went into effect on Monday, and it spells more problems for Iran.

This law, on top of the already-existing sanctions against Tehran, blacklists Iran's shipping, shipbuilding, energy and port management sectors.

Since Iran is dependent on ships to carry much of its food and consumer goods to the country, the economy is expected to take yet another huge hit as supplies will go down further and prices -- which are already sky-high -- will escalate.

The NDAA, another in a series of punishments for Iran's refusal to suspend its rogue nuclear program, is so far-reaching that even Tehran's close ally China has ordered that two of its shipping lines cut ties with Iran.

As fewer ships deliver goods, Iran will need to depend on slower and more costly overland routes and front companies to provide consumers with everyday items that are becoming scarcer each month.

Copyright 2013 ABC News Radio