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Iran Sanctions Applied to More Companies by U.S. Treasury

The Obama administration targeted companies and individuals today for evading international sanctions against Iran and supporting the country’s nuclear program, a move aimed in part at dissuading Congress from imposing additional trade penalties.

The Treasury Department said it was freezing assets and banning transactions of entities that attempt to evade the sanctions, including by doing business with the National Iranian Tanker Co., Iran’s primary shipper of crude oil.