Obama Slaps New Sanctions on Buyers of Iran Oil "President Barack Obama is pushing forward with new sanctions designed to cripple Iran’s oil exports. The president said Friday there is enough oil on world markets to allow him to take the step without harming U.S. allies
"President Obama’s move authorizes U.S. sanctions on foreign banks that continue to purchase oil from Iran.
"It is aimed at further isolating from world markets Iran’s central bank, which handles most of the proceeds from the country’s oil sales.
"Friday’s announcement from the White House is part of a campaign by the United States and its allies to increase pressure on Iran to abandon its nuclear program."
The Jerusalem Post: Turkey says it's cutting Iran oil purchases by 10% "The United States exempted Japan and 10 EU nations from sanctions because they have significantly cut purchases of Iranian crude oil, but left Iran's top customers China and India exposed to the possibility of such steps."
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