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U.S. Loosens Iran Sanctions to Smooth Dollar Transactions

  • 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)

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

The new rules allow such deals with entities in Iran that aren’t under sanctions even if they are minority owned or controlled by someone who is on the sanctions list.