India must cut back its imports on Iranian oil by June 28 or face U.S sanctions. A new law targets Iran's central bank, which is used for oil transactions, and it penalizes foreign countries that ignore the sanctions.
And today's last word in business is: barbershop battle.
Barbers and beauticians are splitting hairs over the swirling red, white and blue striped pole that traditionally stands outside a barber shop. Barbers in several states are pushing legislation to prevent shops without a licensed barber from using the striped pole.
Many hair stylists say that they offer the same services as a licensed barber. But barbers say there are differences. For instance, only they can give shaves with a straight razor.