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Monday, 6 February 2012

Obama signs order blocking Iranian assets in US

WASHINGTON – President Barack Obama has signed an executive order blocking all Iranian government assets in the United States, including those of the Iranian Central Bank, the White House said Monday.

Passed by Congress late last year, the sanctions, aimed at forcing Tehran to shift course on its nuclear program, targeted Iran's crucial oil sector and required foreign firms to make a choice between doing business with Iran or the United States.

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