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U.S., Allies Hit Iran with New Sanctions
(Washington Post) Joby Warrick - The Obama administration on Monday formally designated Iran's entire financial sector a "money laundering concern," a move intended to discourage companies from doing business with Iranian banks. U.S. officials also announced new sanctions against Iran's oil industry and expanded the growing ranks of Iranian companies and individuals blacklisted from trading with Americans. Canada, Britain and France took similar and, in some cases, harsher steps.