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The United States announced new sanctions on Iran and a slew of global entities doing business with the country on Monday, in what officials have called an “economic D-Day” and officially dubbed “Operation Economic Outcast”, in an effort to force Tehran to negotiate an end to the war. The announcement followed repeated demands by US President Donald Trump that Iranian leaders take actions like dropping their claims over the Strait of Hormuz and return to talks to end its nuclear programme.
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