Iran

New Iran Sanctions Target Banks in Iraq and China

Is the Iraq bank's work for Iran part of what made the Iraq War such a great strategy?

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Barack Obama has announced new US sanctions against foreign banks that help Iran sell its oil, saying the new measures will raise pressure on the Islamic Republic to meet its international nuclear obligations.

The new penalties by the US president were announced on Tuesday and would target China's Bank of Kunlun and Iraq's Elaf Islamic Bank.

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