Iranian Official: Oil Sales Might Stop If Sanctions Tighten

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Reuters reports:

Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and it had a “Plan B” contingency strategy to survive without oil revenues.

 

Western nations led by the United States have imposed tough sanctions on the Islamic Republic this year in an attempt to curb its nuclear program that they say is designed to produce an atomic bomb. Tehran says its nuclear plans are peaceful.

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