Economics

Iran Influence in Latin America Waning, U.S. Report Says

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Iran isn’t actively supporting terrorist cells in Latin America and its influence is waning in the region after almost a decade of promises to increase investment, according to a State Department report.

While Iran’s interest in Latin America is a “concern,” sanctions have undermined efforts by the Islamic republic to expand its economic and political toehold in the region, according to the unclassified summary of yesterday’s report.