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U.S. Planning New Sanctions On Iran’s Oil Sales

The United States is planning to announce new sanctions on Iran’s oil sales as early as today, according to a tweet by Bloomberg TV’s Annmarie Hordern. “The sanctions will focus on entities facilitating the oil trade, and will be part of a broader plan to set up sanctions on the regime in the coming weeks,” Hordern said on Thursday afternoon.

For months now, a new nuclear deal with Iran has kept the market on edge and has been routinely touted as “imminent.” A deal, however, has yet to be struck. In just the…

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