• Vows action against countries, individuals doing business with Iran
• Vows action against countries, individuals doing business with Iran
•Iran says sanctions will fail , vows retaliation
•Oil prices fall 2.4% as market weighs China risk
Emmanuel Addeh in Abuja
The United States yesterday imposed sweeping new sanctions on Iran, targeting its military procurement networks, petroleum and petrochemical traders, shadow fleet operators and other entities accused of helping Tehran generate revenue and sustain its military activities.
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The US imposes new sanctions on Iran's shipping network to increase economic pressure and disrupt oil sales.
The United States is set to announce stringent economic sanctions against Iran. These measures could significantly impact Iran…
