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US Sanctions Eight Canadian Companies Over Iran

Eight Canadian entities face US sanctions. Washington alleges they enabled international transactions involving Iran. Such penalties can freeze assets and cut firms off from US banks and trade. The move targets businesses rather than individuals, and it was reported on 7 November.

Context

Context: The US has used sanctions against Iran for decades over its nuclear and oil programmes. Firms outside the US, including those in Canada, can face penalties if they are accused of helping trade with Iran.

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