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Iran braces for oil sanctions after currency crash, protests
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Tehran, Nov. 3 -- Iran is bracing for the restoration of US sanctions on its vital oil industry next week, as it grapples with an economic crisis that has sparked sporadic protests over rising prices, corruption and unemployment.
The Trump administration on Friday announced the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal, ramping up economic pressure on the Islamic Republic.
The oil sanctions, set to take effect on Monday, will target the country's largest source of revenue in the most punishing action taken since the Trump administration withdrew from the 2015 nuclear agreement in May, and will also affect Iranian shipping and financial transactions.
Tehran state TV reported on the sanctio...
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