Iran boosted crude output to near pre-sanctions levels and ramped up production of natural gas. (AP Photo/Vahid Salemi)
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Turkey will continue to buy natural gas from Iran in line with its long-term supply contract, Turkey's energy minister said on Wednesday, a day after U.S. President Donald Trump threatened that anyone trading with Iran would not do business with America.U.S. President Donald Trump pulled out of a 2015 deal to curb Iran's nuclear program and said firms doing business with Tehran would be barred from the United States, as new U.S. sanctions against Iran took effect on Tuesday.The sanctions target Iran's purchases of U.S. dollars, metals trading, coal, industrial software and the auto sector and did not include Iran's oil exports, but global oil prices rose on Tuesday in anticipation.U.S. sanctions on Iran's energy sector are set to be re-imposed after a 180-day "wind-down period" ending on Nov. 4 .
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