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US Reimposes Economic Sanctions on Iran

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Washington intensified pressure on Iran on Monday with the reimposition of a series of tough economic sanctions as the Islamic regime grapples with widespread social unrest, Financial Time reports.

President Donald Trump confirmed he would reinstate sanctions on Tehran that had been waived as part of the 2015 Iran nuclear deal from which he withdrew the US in May. The sanctions, which take effect on Tuesday, prohibit Iran from using US currency. They also bar trading in cars and metals and minerals that include gold, steel, coal and aluminium. Iran will also be barred from buying US and European aircraft. 

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