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Top senators agree on tough penalties on Iran
Determined to weaken Iran economically, a top Senate Democrat and Republican on Monday unveiled a bill to impose sweeping new penalties on Tehran and thwart its nuclear ambitions.Senate Banking Committee Chairman Tim Johnson, D-S.D., and Alabama Sen. Richard Shelby, the panel's top Republican, said they had agreed on the measure that would target Iran's Revolutionary Guard Corps, require companies

Will keep buying Iranian oil, says India
New Delhi India Tuesday said it will continue buying Iranian oil despite US sanctions and is not about to seek a waiver from Washington."We have accepted sanctions which are made by the United

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Oil gains a second day after EU reaches Iran sanctions agreement

Brent crude rose for the second straight session Wednesday, closing at a seven-week high after the European Union reached a preliminary agreement to ban imports of Iranian crude, escalating tensions

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Ahmadinejad slams US’ sanctions against Iran’s central bank
Iran: Iranian President Mahmoud Ahmadinejad has condemned new US sanctions against Iran’s central bank.President Barack Obama recently signed the sanctions, which cut off from the US financial

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Libya working to respond to high expectations: UN
Libya's interim authorities are working to respond to the immediate needs of the people, the top United Nations envoy there told the UN Security Council on Thursday, noting that the fledgling government faces the challenge of meeting high expectations and building accountable institutions.

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House backs tough sanctions on Iran
The House has endorsed harsher sanctions on Iran in an effort to weaken Tehran economically and derail its pursuit of nuclear weapons.

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