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foreign policy and global economy

US Renews Iran Sanctions; India, China Get Oil Waivers

The United States snapped sanctions back in place to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as India and China to keep buying crude from the Islamic Republic. Having abandoned a 2015 Iran nuclear deal, US President Donald Trump is trying to cripple Iran’s oil-dependent economy and force Tehran to quash not only its missile and nuclear programmes, but also diminish its influence in the Middle East.

Read Here – Mint

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