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New US sanctions target Iran's currency, auto industry

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AFP Washington
The United States announced additional sanctions on Iran today targeting its currency and automobile industry, stepping up pressure over its nuclear program, the White House said.

"The steps taken today are part of President (Barack) Obama's commitment to prevent Iran from acquiring a nuclear weapon, by raising the cost of Iran's defiance of the international community," White House spokesman Jay Carney said.

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First Published: Jun 04 2013 | 2:03 AM IST

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