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January 3, 2012

Controversial Defense Bill Tightens Sanctions on Iran 
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The newly approved military spending bill also includes a provision to
tighten sanctions on Iran by denying access to the U.S. financial system
to any foreign bank that conducts business with the Central Bank of
Iran. Last week, Iran threatened to block the Strait of Hormuz, a key
Gulf passageway, if new sanctions are enacted. Earlier today, Iran also
threatened to take action if an unnamed U.S. aircraft carrier returns to
Persian Gulf.



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