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Tehran steps up charm offensive, price cutting to keep customers buying crude

The spectre of the United States fatally undermining the Joint Comprehensive Plan of Action (JCPOA) nuclear deal is forcing the pace in Tehran. Congress has until 14 December to decide whether to reimpose pre-JCPOA sanctions on Iran. While most observers expect it to continue supporting the waivers that allow foreign companies to trade in Iranian oil, the threat of the nuclear deal unravelling is being taken seriously in Tehran. Such a move could threaten the Islamic Republic’s impressive post-sanctions production and export drive.

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