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Iran halts Greek oil sales, may cut Shell supply
Market Watch – Iran has stopped shipping oil to Greece and may halt supplies to Royal Dutch Shell PLC over unpaid bills, Iran media said Friday, as the impact of sanctions widens. The news suggests a decline in Iranian oil exports last month may accelerate as banking sanctions add to an upcoming European ban on Tehran oil. That could lead to upward pressure on oil prices, which have recently surged to a four-year high. Read Article
Tags: energy resources, Europe, financial system, Iran, Middle East
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