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UK could drop Iran sanctions after Brexit

ECONOMY

UK could drop Iran sanctions after Brexit

Experts say it will be easier for Britain to trade with Iran after it leaves the EU because London will no longer be bound by the bloc’s anti-Iran sanctions.

Essar clears $500mn of Iran oil debts

ENERGY

Essar clears $500mn of Iran oil debts

Essar Oil has reportedly cleared $500 million of a debt it owed to Iran for purchases of oil it made during the years the Islamic Republic was under sanctions.