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Ahmadinejad Plays Down Impact Of Oil Blockade

April 10 2012


President Mahmoud Ahmadinejad says Iran has saved enough money to withstand a total embargo on its oil sales for two to three years, Reuters reports.

The president's comments to domestic media came ahead of the planned resumption of talks with international powers this week on Tehran's nuclear program.

International sanctions against Iran's energy and financial sectors have ramped up in recent months, with the E.U. scheduled to begin imposing a total embargo on Iranian crude...

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