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Iran Oil Exports Slow - Bill Spindle and Benoit Faucon
(Wall Street Journal) Iran's oil exports appear to have dropped as buyers prepare for tough new sanctions, market observers say. By the end of March, with three months until a EU embargo on Iranian oil takes effect, Iran's exports are expected to fall by about 300,000 barrels a day from last month, to 1.9 million barrels daily, a nearly 14% drop, according to Swiss oil-shipping specialist Petro-Logistics SA.