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US Expected to Keep Oil Embargo Regardless of Iran Nuclear Deal


European Union foreign policy chief Catherine Ashton (L) and Iranian Foreign Minister Mohammad Javad Zarif deliver a statement after a conference in Vienna, Feb. 20, 2014.
European Union foreign policy chief Catherine Ashton (L) and Iranian Foreign Minister Mohammad Javad Zarif deliver a statement after a conference in Vienna, Feb. 20, 2014.
A unilateral U.S. oil embargo on Iran is expected to remain in place even if a long-term nuclear agreement between Tehran and six world powers is reached that includes an easing of international sanctions, a U.S. official said on Thursday.

The embargo pre-dates the decade-long nuclear dispute with Iran. Washington cut off diplomatic ties with Tehran during a hostage crisis shortly following the 1979 Islamic Revolution and began imposing sanctions around the same time.

β€œThe American domestic oil embargo is expected to remain in place even if a comprehensive agreement is reached,” the U.S. official told Reuters on condition of anonymity.

Western diplomats say U.S. companies would be unhappy about being left out if European Union and U.N. sanctions are lifted, allowing non-U.S. firms to resume business with the Islamic Republic. Iranian officials say they would have no problem with American oil companies returning to Iran.

The U.S. official spoke after Iran and the six powers - Britain, China, France, Germany, Russia and the United States - agreed on an agenda and schedule for talks aimed at ending the dispute over Tehran's nuclear ambitions.

Earlier, a senior U.S. official said the United States would like to see sanctions lifted, but that cannot happen until an agreement on Iran's nuclear project is reached. Another U.S. official said those remarks referred only to sanctions imposed after the dispute over the nuclear program broke out in 2002.
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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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