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News Summary: Sanctions hurt, but Iran not budging

The Associated Press

ECONOMIC TOLL: New signs are emerging that international sanctions are taking a deepening toll on Iran's economy — putting billions of dollars in oil money out of the government's reach.

LIMITED EFFECT: There is no indication the distress is achieving the West's ultimate goal of forcing the Islamic Republic to halt its nuclear program.

GAME OF ATTRITION: Iran has proved adept at working around sanctions and if oil prices don't plummet, U.S. analysts say the country probably has enough economic stamina to reach what the West suspects is its true intention — producing nuclear weapons.