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Economy

IOC says SBI to stop handling Iran oil payments

Updated : June 15, 2018 12:55 PM IST

The move by the state-controlled bank, India's biggest, comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days.
IOC previously said it would look at buying oil from traditional suppliers mostly in the Middle East to compensate for any cut in supplies from Iran related to US sanctions.
IOC says SBI to stop handling Iran oil payments

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