US Senate approves new Iran sanctions bill

By REUTERS
May 22, 2012 02:02

WASHINGTON - The US Senate gave unanimous approval on Monday to a package of new economic sanctions on Iran's oil just days ahead of a meeting between major world powers and Tehran.

The West suspects Iran is working to build a nuclear bomb and the sanctions are meant to strip Tehran of revenue by shutting down financial deals with Iran's powerful state oil and tanker enterprises. Iran has said its nuclear program is for civilian purposes.

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