Iran May Stop Exporting Oil based on Sanctions

By Daniel Fineren and Amena Bakr

Article Reprintpolitics 51

Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and that it had a “Plan B” contingency strategy to survive without oil revenues.

Western nations led by the United States have imposed tough sanctions on the Islamic Republic this year in an attempt to curb its nuclear program that they say is designed to produce atomic weapons. Tehran says its nuclear plans are peaceful.

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