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1/30/12

Iran may vote EU oil sales ban - Possible oil price spike to $150 seen

Iran sent conflicting signals in a dispute with the West over its nuclear ambitions on Sunday, vowing to stop oil exports soon to “some” countries but postponing a parliamentary debate on a proposed halt of sales to the European Union.

The Islamic Republic declared itself optimistic about a visit by UN nuclear experts that began on Sunday but also warned the inspectors to be “professional” or see Tehran reducing cooperation with the world body on atomic matters.


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