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China defies US pressure as EU parts ways with Iranian oil

China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. The United States is trying to halt Iranian oil exports in an effort to force Tehran to negotiate a new nuclear agreement and to curb its influence in the Middle East.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2N1NzBc
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