US senate approves fresh oil, economic sanctions on Iran
The US senate has endorsed a new package of oil and economic sanctions against Iran over its nuclear energy program ahead of talks between Tehran and the six major world powers (P5+1) in Baghdad. - The measure, passed unanimously on Monday, would target foreign banks doing transactions with Iran's national oil and tanker companies. It also includes measures to close potential loopholes in existing sanctions that could allow Iran to continue selling its crude oil. The House of Representatives passed its version of the bill in December and now the senate and House must reconcile their differences in the legislation. The powerful pro-Israel lobby group AIPAC strongly supports the proposed sanctions.
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