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<b>
EU imposes oil ban on Iran 
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&nbsp; &nbsp; &nbsp; &nbsp; 

24 January 2012

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The world inches closer towards a new conflict in the gulf which could have a dramatic effect on oil prices. <br><br>The European Union has significantly upped the stakes by imposing an oil embargo on Iran. 
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<i>Source: <br>World News Australia
</i>

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