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Biden says supplies of petroleum sufficient to reduce amount purchased from Iran -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks on the Nationwide Veterans Day Observance at Arlington Nationwide Cemetery in Arlington, Virginia, U.S., November 11, 2021. REUTERS/Leah Millis

(Reuters) – U.S. President Joe Biden stated in a memo to the State Division on Friday that there have been ample provides of petroleum to permit a “important discount” within the quantity bought from Iran.

Biden stated the choice was made primarily based on stories submitted to Congress by the Vitality Data Administration in addition to different related components equivalent to international financial circumstances, spare capability, and strategic reserves.

“In keeping with prior determinations, there’s a ample provide of petroleum and petroleum merchandise from nations apart from Iran to allow a big discount within the quantity of petroleum and petroleum merchandise bought from Iran by or via overseas monetary establishments,” Biden stated within the memo.

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