US penalised companies for violating sanctions imposed on Iran
P5+1 members
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Iran rejects excessive demands of P5+1 nations
Iran and the P5+1 nations are aiming to reach a deal by July 20 2014
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Iran and world powers make slow progress in talks
Sides must reach an agreement by July 20th.
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US: Iranian exports will not exceed limits of JPoA
JPoA allows Iran to export up to 1 million bpd of crude
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First steps taken to ease sanctions against Iran
A ‘First Step Understanding’ has been reached