U.S. announces pause in efforts to further reduce Iranian crude sales


The White House says the U.S. will pause for six months its efforts to reduce Iran's crude oil sales; in exchange, Iran has agreed to take steps to halt its nuclear program progress.

Global crude supplies are sufficient to allow other nations to cut imports from Iran, though efforts to further curtail such sales were on hold while nuclear talks continue, the WH says in a statement required by Congress regarding the global supply of petroleum products from countries other than Iran.

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