U.S. Loosens Iran Sanctions to Smooth Dollar Transactions

Updated on
  • Treasury guidance allows deals with firms not under sanctions
  • Rules still restrict entry of transactions into U.S. system

A huge picture of Iranian supreme leader Ayatollah Ali Khamenei is erected next to a Qadr-F (L) missile, displayed at a square in southern Tehran, on September 26, 2011 to mark the 'Sacred Defence Week' that commemorates Iran's bloody eight-year war with Iraq. AFP PHOTO/ATTA KENARE (Photo credit should read ATTA KENARE/AFP/Getty Images)

Photographer: Atta Kenare/AFP via Getty Images

The U.S. Treasury Department is loosening sanctions on Iran, relaxing rules on foreigners doing dollar-denominated transactions with businesses in the nation.

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