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Nov 05, 2018
2:03PM

US sanctions targeting Iranian oil & financial sectors come into force

@ChinaDailyAsia
The United States sanctions targeting the Iranian oil and financial sectors have come into force. US Secretary of State Mike Pompeo called it "the toughest sanctions ever placed" against Iran.
 
The sanctions will directly affect companies from third countries doing business with Iran. The US has granted temporary waivers to eight jurisdictions to continue importing Iranian oil. Iranian oil exports have fallen though India and China have continued to purchase it.

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