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Iran’s Gasoline Imports Decline 50% After Sanctions, EMC Says

Iran’s gasoline imports fell 50 percent last month as sanctions over the nation’s nuclear program spurred traders to halt supplies, according to Energy Market Consultants Ltd.

Iran received about 60,000 barrels a day in July, compared with 120,000 in May, Vijay Mukherji, a London-based research associate at EMC, said by phone today. The consultant revised its earlier estimate of 65,000 to 70,000 barrels a day.