The U.S Senate passed economic sanctions on Iran that has been opposed by the Obama administration. Many officials have said that the sanctions would cause more harm then good because it will raise the price of oil and we will have little impact on Iran's alleged nuclear ambitions. The amendment that the Senate passed would not allow organizations that do business with financial institutions in Iran, including the countries central bank, from holding financial accounts in the United States. With this amendment it will allow someone to study how oil prices would be effective in the United States. The EU has applied new sanctions to Iran as well.
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