Iran Cut Off From Global Commerce

Iran Sanctions

The body that handles global banking transactions says it will cut Iran's banks out of the system on Saturday to enforce EU sanctions.

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    Iran holds some of the world's largest deposits of proved oil and natural gas reserves, ranking as the world's fourth-and second-largest reserve holder of oil and ...
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    The economy of Iran is a mixed and transition economy with a large public sector. Some 60% of the economy is centrally planned. It is dominated by oil and gas ...
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