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Just as the screws on Iran are tightening, the U.K. wants a six-month delay to the EU's key ban...
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Wednesday, May 9, 2012, 6:01 AM ETJust as the screws on Iran are tightening, the U.K. wants a six-month delay to the EU's key ban on the provision of insurance for tankers carrying Iranian oil, Reuters reports. The move is designed to give the likes of Japan and South Korea more time to find alternative supplies and so avoid a spike in prices. Other EU members are yet to be convinced.
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