The US Treasury Department is considering sanctions against Iran’s central bank, which it suspects of helping other Iranian institutions evade earlier US economic sanctions, The Wall Street Journal reported Monday, reported AFP from Washington.

The newspaper said the impact of such a measure would depend in large measure on the extent to which US allies backed the effort.

The nature of the sanctions under consideration has not been described.

The Wall Street Journal pointed out that sanctions, particularly if supported by US allies in Europe and Asia, could have a severe impact on Iranian trade.