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U.S. targets Iran with fresh round of oil, economic sanctions

Reuters  |  WASHINGTON 

(Reuters) - The re-imposed and strengthened economic sanctions on Iran's oil, and on Monday after the withdrew from the 2015 nuclear deal, and vowed further action to pressure

"Treasury's imposition of unprecedented financial pressure on should make clear to the Iranian regime that they will face mounting financial isolation and economic stagnation until they fundamentally change their destabilizing behavior," said in a statement.

The sanctions cover 50 Iranian banks and subsidiaries, more than 200 persons and vessels in its shipping sector, and targets Tehran's national airline, Air, and more than 65 of its aircraft, the statement said.

(Reporting by and; Writing by Susan Heavey)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 19:07 IST