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Rubio warns Iran's oil revenue could nearly vanish as US sanctions tighten

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US Secretary of State Marco Rubio cautioned that Iran may suffer severe losses in oil income once forthcoming sanctions take effect. He said the US Treasury Department is working to block the methods Iran uses to get around such restrictions. Diplomatic relations between Washington and Tehran seem stalled, as both governments remain unyielding on opposing negotiation terms. The warning signals a continued push by Washington to squeeze Iran's energy exports. The article does not specify the exact timing or scope of the new measures.

Read the full story at Times of India

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Rubio warns Iran's oil revenue could nearly vanish as US sanctions tighten · ShortSingh