New Sanctions Target Iran Oil Sales

In a report, Mark Dubowitz, executive director at the Foundation for Defense of Democracies — which is pushing for more Iran sanctions — said the narrowing of Iranian oil-crude buyers would cut Iran's oil revenue by 7.8% to 8.5% if only Europe stops buying Iranian crude, while there would be a reduction of 37.7% to 41.5% if China is left as the only buyer. 

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