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Oil rises after US threat of sanctions on Venezuela crudeVenezuela's predominantly heavy crude requires extensive refining, and, is frequently blended with lighter crudes to give refiners higher-value products.
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Tehran: Japan has started process of importing Iranian oilTokyo was granted a waiver from US sanctions that went into effect in November. tokyo
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US to formally seek extradition of Huawei exec Meng WanzhouMeng, the daughter of Huawei Technologies founder Ren Zhengfei, was arrested over alleged violations of US sanctions on Iran.
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