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China has put the brakes on oil and gas investments in Iran, drawing ire from Tehran over a pullback that officials and executives said reflected Beijing's efforts to appease Washington and avoid U.S. sanctions on its big energy firms.
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Iran on Monday made its first counterproposal in two years to ease the confrontation with the West over its nuclear program, offering to allow international inspectors “full supervision” of the country’s nuclear activities for the next five years, but on the condition that the mounting sanctions against Iran are lifted.
September 7, 2011