US, Allies Strike At Iran's Energy, Finance Sectors

Law360, New York (November 21, 2011, 7:07 PM EST) -- The U.S., Canada and the U.K. lodged a fresh round of sanctions against Iran on Monday, targeting the country’s financial and energy sectors in light of a recent report by the International Atomic Energy Agency that expressed concerns about potential military dimensions to Iran’s nuclear program.

Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner first announced the latest U.S. sanctions at a news conference in Washington, including restrictions on doing business with Iran’s petrochemical, oil and gas sectors and the designation of Iran as...
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