US extends financial sanction against Iran by one more year
November 08, 2011  14:47

In the backdrop of the growing threat of Iran's nuclear programmes, US President Barack Obama has extended by one year the financial sanctions on Iran imposed in 1979 in view of the strained relations between the two

"Because our relations with Iran have not yet returned to normal and the process of implementing the agreements with Iran, dated January 19, 1981, is still under way, the national emergency declared on November 14, 1979, must continue in effect beyond November 14, 2011," Obama said in a notice.

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