Iran claims it has overcome sanctions

UPDATED 2:15 AM EST, December 24, 2012

The U.N. and West have imposed tough economic sanctions on Iran to try to persuade it to stop its uranium enrichment project, including a ban by the EU on oil imports, but Iran remains defiant.

Oil Minister Rostam Ghasemi that the industry was in "bad shape" about two months ago because of the oil embargo, "but resorting to planning in the oil industry, we left the bottleneck behind, almost." The EU imposed its embargo in July.

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