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US to financially target Islamic Republic with new sanctions

Middle East correspondent, Lou Browne spoke to Lisa Owen about the US treasury secretary talking up a plan to cripple the Iranian regime with new sanctions. Just how the US will financially target the Islamic Republic isn't yet clear - with details set to be laid out tomorrow morning. Iranian officials have warned the US against the planned action, threatening to further choke off oil shipments in the Strait of Hormuz and the Persian Gulf.

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