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UPDATE 1-Iran will not comply with "illegal" U.S. sanctions - oil minister

CNBC

Iranian Oil Minister Bijan Zanganeh said on Thursday U.S. sanctions against his country were "fully illegal" and Tehran would not comply with them. "We believe that we should not comply with the illegal sanctions against Iran," Zanganeh told a joint news conference in Baghdad with his Iraqi counterpart, Thamer al-Ghadhban. Zanganeh also said Iran would not discuss the volume or destination of its oil exports while it remained under U.S. sanctions.

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