Executive Order places more sanctions on Iran

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President Obama ramped up economic sanctions against Iran today, targeting that nation's oil sales and financial transactions.

Again pledging to block Iran from developing the means to make a nuclear weapon, Obama said in a statement: "With these actions, we are once again reaffirming our commitment to hold the Iranian government accountable for its actions."

Obama said the United States remains committed to a diplomatic solution of the nuclear dispute, "but the onus is on Iran to abide by its international obligations.

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