WASHINGTON (Reuters) - New sanctions imposed on Iran over its nuclear program are tightening the noose on Tehran, with growing numbers of private sector companies joining banks in shunning ties with the Islamic Republic as too risky, senior U.S. officials said on Tuesday.
"Virtually all major financial institutions have either completely cut off or dramatically reduced their ties with Iran," Undersecretary of the Treasury Stuart Levey told a hearing of the Senate Foreign Relations Committee.
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