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March 30, 2012 2:54 pm

President Obama Authorizes New Iran Sanctions

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President Obama in Cairo, 2009. Photo: wiki commons.

Politico – President Barack Obama on Friday authorized new sanctions against Iran’s oil exports, introducing yet another economic pressure aimed at forcing the regime there to yield on its nuclear program and avoiding military conflict.

In a step aimed at doing maximum economic harm to Iran and minimal harm to U.S. allies, the sanctions will be imposed against financial institutions that buy oil from Iran’s central bank. Obama administration officials have repeatedly said that the hope is that the new sanctions will push Iran to end its nuclear program and to slow Israel’s run-up to a war against Iran.

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