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India's April Iran Oil Imports Drop as Buying Spree Cools

India cut its monthly Iranian crude imports by 42 percent in April from March, in a further sign that Asian oil buyers are reining in an early-2014 spree that took Tehran's exports well past levels allowed under an interim deal with the West. The six-month deal, implemented on Jan. 20, allowed Iran access to $4.2 billion in frozen oil funds and crude exports of about 1 million barrels per day (bpd) in exchange for Tehran taking steps to curb its nuclear program, which Western...

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