Congress aims at Iran's energy sector with new sanctions

Oil   Politics

WASHINGTON (AP) — Republicans and Democrats are pressuring congressional negotiators to produce legislation imposing the severest penalties on Iran, targeting its energy sector and financial institutions as the United States seeks to weaken Tehran economically and derail its pursuit of nuclear weapons.

With just one week before Congress' August break, proponents of tough sanctions see this as their last, best chance for far-reaching, crippling penalties as recent high-level talks between world powers and Iran have failed to curb its uranium enrichment. Iran insists that its program is solely for peaceful purposes.

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