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February 24, 2012 1:32 pm

IAEA Says Iran Uranium Enrichment Growing, Oil Hits 9 Month High

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IAEA Director General, Yukiya Amano. Photo: IAEA.

FT – Reports of a large expansion in Iran’s uranium enrichment programme sent oil prices soaring, with the Brent benchmark hitting a new nine-month high.

The International Atomic Energy Agency revealed that Iran had expanded its enrichment programme and increased work at its underground facilities, fuelling worries about a further rise in tensions.

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