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BUILDING PRESSURE

Senate Approves New Iran Sanctions

On energy and shipping.

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The U.S. is ramping up its sanctions on Iran, with the Senate approving Friday new sanctions on trade with the country’s port, shipping, and ship-building sectors. The new package marks the latest move in the Senate’s efforts to put economic pressure on Iran to stop developing its nuclear program. “We must be clear to the Iranians that toughing it out and waiting it out is not an option, that it will only get worse,” Democratic Sen. Robert Menendez said.

Read it at Reuters

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