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Iran says may stop oil sales if sanctions intensify

DUBAI | Tue Oct 23, 2012 5:14am EDT

DUBAI Oct 23 (Reuters) - Iranian oil minister Rostam Qasemi said on Tuesday the Islamic Republic could stop oil exports if pressure from Western sanctions intensified.

Qasemi told reporters Iran had a "Plan B" contingency strategy to survive without oil revenues. He did not elaborate. (Reporting by Daniel Fineren and Amena Bakr; writing by Christopher Johnson; editing by Keiron Henderson)

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