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Economy

US oil prices steady ahead of sanctions on Iran

Updated : June 28, 2018 07:55 PM IST

The United States this week demanded all countries halt imports of Iranian oil from November, a hardline position the Trump administration hopes will cut off funding to Tehran.
The move follows a decision by the Organization of the Petroleum Exporting Countries last week to increase production to try to moderate oil prices that have rallied more than 40 percent over the last year.
US oil prices steady ahead of sanctions on Iran
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