obama approves new iran oil sanctions
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Obama approves new Iran oil sanctions

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Arab Today, arab today Obama approves new Iran oil sanctions

Washington - AFP

President Barack Obama gave the go-ahead for fresh oil sanctions against Iran Friday, judging there is enough oil on world markets to ensure the move will not hit US consumers. With just hours to go before a legal deadline, Obama determined global production levels allowed the US to levy sanctions against banks and other financial institutions buying oil from Iran, without prompting an oil shock.

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