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August 1, 2012

U.S. Imposes New Sanctions on Iran 
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The United States has imposed a new round of sanctions targeting Iran.
On Tuesday, the White House said it would punish more foreign banks that
help sell Iranian oil, and would also extend penalties for those who buy
Iranian petrochemicals. Speaking on a visit to Egypt, Defense Secretary
Leon Panetta denied a recent report that the Obama administration has
shared contingency plans for a military strike on Iran with the Israeli
government.

Leon Panetta: "We continue to work together in the effort to ensure that
Iran does not reach that point of developing a nuclear weapon. As with
regards to any specific plans, think it's the wrong characterization to
say we are going to be discussing potential attack plans. What we are
discussing are various contingencies and how we would respond."

 

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