Steven Mnuchin - Bio, News, Photos - Washington Times

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According to Mint newspaper, Mnuchin said the U.S. is working with its allies to make sure that there is significant supply of oil in the market to offset the Iran sanctions.

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"This action demonstrates the unified position of the Gulf nations and the United States that Iran will not be allowed to escalate its malign activity in the region," said Mr. Mnuchin.

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