The original content of Democracy Now! Headlines appears under the Creative Commons BY-NC-ND 3.0 License (United States). For more, including their other shows and media, visit www.democracynow.org. October 27, 2020 U.S. Imposes Harsh New Sanctions on Iranian Oil ----------------------------------------------- The Trump administration has imposed sweeping new counterterrorism sanctions on Iran's oil sector in a move designed to make it harder for Joe Biden to undo sanctions if he is elected president. This comes just weeks after the Treasury Department essentially locked Iran out of the global financial system by imposing sanctions on 18 Iranian banks. .