File - Iranian oil workers gather at an oil refinery south of the capital Tehran, Dec. 22, 2014. (AP Photo/Vahid Salemi)
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WASHINGTON: Oil producers pushing for an end to the U.S. crude export ban have a new line of attack: If Iran gets to sell oil in the world market, why can't we?Should Iran strike a deal with the U.S. and five other nations in the coming weeks to limit its nuclear program, more Iranian oil could flow onto the market as sanctions are eased. Iranian producers will then be freer to sell oil than their American competitors, the argument goes.Iran has at least 30 million barrels in storage that could be exported this year if sanctions are lifted, and it may add 500,000 barrels a day to global inventories by the end of next year, the U.S. Energy Information Administration estimates.U.S. crude isn't necessarily a substitute for Iranian oil.Iranian oil would push down global prices.
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