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Published: June 17, 2008

Sanctions target Iran's economy

By The Associated Press

LUXEMBOURG — The European Union agreed Monday on the need to sharpen sanctions on Iran — possibly targeting the oil and gas sectors in Europe 's strongest punishments yet to discourage Tehran 's nuclear ambitions.

The EU's stance follows Iran's latest refusal to accept economic incentives in exchange for halting uranium enrichment.

Washington 's European allies have been cautious on punishing Iran bec...

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