Australia Adopts New Sanctions Against Iran

The new measures include travel and financial bans against more than 110 businesses and individuals in Iran's financial and transport sectors. The sanctions also include a trade ban on all arms and related material, including anything that could be used for nuclear, missile, chemical and biological weapons development.

For the first time, Australia will restrict business with Iran's oil and gas sector. Smith said the U.N. resolution had noted a link between the revenue generated by that sector and funding for Iran's proliferation activities.

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