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Iran threatens to halt oil exports

Posted on 02 December 2009

From Heraldsun.com.au: Iran’s oil minister today warned world powers Iran may stop exporting crude oil if economic sanctions continue to be enforced on the Islamic republic.

“Iran is one of the world’s major oil producers and any cut in Iran’s supply of crude will, undoubtedly, cause prices to surge,” the semi-official Mehr news agency quoted Masoud Mirkazemi as saying……………………………Full Article: Source

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