U.S. Senate to consider new Iran sanctions on Thursday

West Australian Wednesday 16th May, 2012

WASHINGTON (Reuters) - Senate Democratic Leader Harry Reid will ask the U.S. Senate to approve a new package of oil and economic sanctions on Thursday aimed at pressuring Iran to abandon its nuclear program, a Democratic leadership aide told Reuters.The politically popular sanctions are focused on foreign banks that handle transactions for Iran's national oil and tanker companies, and include measures to close loopholes in existing sanctions....

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