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Iran sanctions cost US economy billions, report says

The US debate over Iran’s nuclear program omits discussion of the possible cost of sanctions to the economies of the United States and its allies, according to a new study commissioned by an Iranian American organization.

Empty and disused Islamic Republic of Iran Shipping Lines (IRISL Group) containers are seen at Malta Freeport in the Port of Marsaxlokk outside Valletta February 10, 2012.  The IRISL ships and containers are key parts in an international cat-and-mouse game: Iran's attempt to evade the trade sanctions tightening around it. Washington and European capitals want to stop or slow Iran's nuclear programme. They believe that IRISL, which moves nearly a third of Iran's exports and imports and is central to the coun
Empty and disused Islamic Republic of Iran Shipping Lines (IRISL Group) containers are seen at Malta Freeport in the Port of Marsaxlokk outside Valletta, Feb. 10, 2012. — REUTERS/Darrin Zammit Lupi

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