Bill to cut Iran’s oil exports by 1 million barrels a day sails through House

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The Republican-led House on Wednesday passed a bill with near unanimity, 400-20, to crack down further on Iran for its nuclear program and cut the country’s oil exports by 1 million barrels per day over the next year.

The move was aimed at cutting Iran’s revenues and is the latest attempt to push forward new sanctions on the rebel nation. The vote was timed to coincide with the swearing-in of President-elect Hasan Rouhani, who’s due to officially take office this Sunday.

Russia wasn’t happy with the proposed sanction, the first of its kind that actually puts a number to suggested decreases on Iran’s foreign oil sales, Ynet News reported.

“Additional sanctions are actually aimed at the economic strangulation of Iran, but not at solving the problem of non-proliferation,” said Russia’s Deputy Foreign Minister Gennady Gatilov, Ynet News reported.

The Senate still has to approve it, and so does President Obama.

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