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WASHINGTON — The Obama administration hit two pillars of the Iranian economy with sanctions Thursday, targeting the Islamic republic’s national airline carrier and a major port company on charges that they facilitate illegal weapons trade and help the Revolutionary Guard corps in destabilizing activity in Iran and nearby countries.
The Treasury Department’s action blocks any assets in the United States belonging to Iran Air, Tidewater Middle East Co. and three other firms. It also prevents Americans from doing business with them.
