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Reports of Iran oil talks raise concerns

Updated: 2014-01-15 07:21
By Reuters ( China Daily)

United States says any deal could trigger more economic sanctions

The White House said on Monday it was concerned about a recent report that Iran and Russia are negotiating an oil-for-goods swap worth $1.5 billion a month, a deal a spokeswoman said could trigger US sanctions.

Such a deal would significantly boost Iran's oil exports, which have been slashed by more than half to about 1 million barrels a day by US and European economic sanctions aimed at forcing Iran to accept curbs to its nuclear program.

Reports of Iran oil talks raise concerns

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