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Sanctions slashed more than $10 billion from Iran's oil revenue, says US official

Updated : April 25, 2019 09:03 AM IST

The United States demanded importers halt purchases from Tehran from May 1 or face punitive action.
US officials speaking during Thursday's call that they were confident China would be able to find alternative supplies to Iran.
The tightening of US sanctions announced this week pushed crude oil prices to their highest levels this year.
Sanctions slashed more than $10 billion from Iran's oil revenue, says US official

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