Iranians drivers fill their tanks at a gas station in the capital Tehran on November 5, 2018. / AFP / ATTA KENARE
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The United States snapped sanctions back in place Monday to choke off Iran's oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.Iran's exports peaked at 2.8 million barrels per day in April, including 300,000 bpd of condensate, a lighter form of oil that when underground tends to exist as gas.International benchmark Brent crude oil futures were up nearly 0.6 percent Monday to $73.23 a barrel and U.S. crude futures were up 0.4 percent at $63.39 a barrel.The sanctions also cover 50 Iranian banks and subsidiaries, more than 200 people and vessels in its shipping sector, Tehran's national airline, Iran Air, and more than 65 of its aircraft, a U.S. Treasury statement said.
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