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The U.S. has announced new sanctions against Iran, which some see as a way to avoid war and others as a precursor to it. David Cortright, author of Sanctions and the Search for Security and Sanctions Decade, explores the implications.

In Argentina, the wife of President Nestor Kirchner is the clear front-runner in the field of 14 candidates running in Sunday's presidential election. Pundits say Cristina Fernandez de Kirchner is likely to be elected in the first round of voting, taking the reins from her husband.

The White House on Thursday rolled out new sanctions against Iran, designating Iran's Revolutionary Guard Corps as a proliferator of weapons of mass destruction and its elite Quds Force as a supporter of terrorism.

Construction of the new U.S. embassy in Baghdad, expected to be the biggest embassy in the world, has been riddled with shoddy work and cost overruns. Congress has been holding hearings about the project and is awaiting a response from the State Department.

The U.S. imposes new sanctions against Iran, namely the defense ministry, Revolutionary Guard, and banks. The Iranians are being punished for their support for terrorist organizations in Iraq and the Middle East, missile sales and nuclear activities.

An Iraqi delegation is due in the Turkish capital, Ankara, as efforts continue to defuse tensions along the Turkish-Iraqi border. The diplomatic steps come a day after Turkish warplanes and helicopters struck Kurdish rebel positions.

Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, says the U.S. should mount a massive diplomatic and foreign aid offensive. Mullen told a group of officers that although security is important, the military cannot do everything.

Secretary of State Condoleezza Rice has ordered improved government oversight of independent contractors. The new measures would affect companies, such as Blackwater USA, that protect U.S. diplomats in Iraq.

Iraqi leaders are vowing to crack down on the Kurdish separatist group known as the PKK as Turkish troops gather at Iraq's mountainous northern border. Diplomatic talks between Turkey and Iraq on Tuesday brought promises, but it's unclear what Baghdad can do to rein in the Kurdish rebels.

Iraq's prime minister says he will close down the Kurdish rebel party's offices in Iraq as part of a pledge to help curb rebels' attacks on Turkey. Turkish officials say 42 people have been killed in attacks this month.