Economics

More Iran Oil May Flow Within Months of Deal, Officials Say

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World powers have offered to suspend U.S. and European restrictions on Iranian oil exports, but only if the Islamic Republic accepts strict limits on its nuclear programBloomberg Terminal for at least a decade, according to American and European officials.

The offer to begin lifting some sanctions within months of a deal comes amid the effort in Lausanne, Switzerland to reach the framework of an agreement by the end of the month, with the outcome still in doubt.