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U.S. sanctions Venezuelan oil giant for Iran trade

• Reuters

The United States hit Venezuelan state oil company PDVSA with sanctions on Tuesday in a more aggressive bid to starve Iran of fuel, prompting fury and warnings from Venezuelan President Hugo Chavez's government.

The sanctions are largely symbolic because they do not limit the company's sale of oil to the United States and other global markets, or the activities of its U.S.-based CITGO subsidiary.

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