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Controversial Defense Bill Tightens Sanctions on Iran

HeadlineJan 03, 2012

The newly approved military spending bill also includes a provision to tighten sanctions on Iran by denying access to the U.S. financial system to any foreign bank that conducts business with the Central Bank of Iran. Last week, Iran threatened to block the Strait of Hormuz, a key Gulf passageway, if new sanctions are enacted. Earlier today, Iran also threatened to take action if an unnamed U.S. aircraft carrier returns to Persian Gulf.

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