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U.S. Weighs New Sanctions on Iran's Oil Sales to China If Nuclear Talks Fail
(Wall Street Journal) Benoit Faucon - The U.S. is considering tighter sanctions on Iranian oil sales to China as a way to encourage Tehran to conclude a nuclear deal and raise the costs of abandoning stalled negotiations. As the nuclear talks falter, the U.S. is running through options intended to induce Iran to keep negotiating or punish it if it doesn't, according to U.S. officials. One plan being drafted would choke off Iran's swelling crude-oil sales to China through fresh sanctions targeting shipping networks.