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July 31, 2012 12:00 am

Congress Finalizing New Round of Iran Sanctions

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Iranian tanker. Photo: wiki commons.

Times of Israel – US House and Senate negotiators pushed to finish a new round of stifling sanctions on Iran, targeting energy, shipping and insurance sectors with punitive measures to derail Tehran’s suspected push for nuclear weapons.

Lawmakers hoped to unveil a final bill late Monday, with a House vote as early as Wednesday. Congress has just a week before a month-long August recess and members see the legislation as the last chance to impose crippling penalties on Iran.

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