Iran bans export of 50 goods as sanctions bite: report

DUBAI (Reuters) – Iran banned the export of around 50 basic goods, its media said on Tuesday, as the country takes steps to preserve supplies of essential items in the face of tightening Western sanctions. The Islamic Republic is under intense financial pressure from U.S. and European trade restrictions imposed over its disputed nuclear programme. The bans have led to a sharp drop over the past year in its oil exports, a major source of hard currency earnings and revenues for the government. …
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