House Approves New Iran Sanctions On Oil, Shipping Sectors

From Reuters

The House of Representatives passed a new package of sanctions against Iran on Wednesday that aim to punish banks, insurance companies and shippers that help Tehran sell its oil.

The legislation, agreed to by senior lawmakers of both parties in Congress, “seeks to tighten the chokehold on the regime beyond anything that has been done before,” said Republican Representative Ileana Ros-Lehtinen, chair of the House Foreign Affairs Committee.

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