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Iran: Crude trade in flux as US sanctions loom
There have been contradictory signals from Tehran’s trading partners over their willingness or ability to continue buying Iranian crude once new United States sanctions come into force. Measures targeting oil sales are due to come into effect on 4 November, but restrictions on financial transactions with Tehran are due to be applied from early August. For now, exports appear to be holding up, but analysts say this may simply be a lull before the storm.
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