Iran reports nuclear progress as sanctions loom - Reuters

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TEHRAN, Jan 1 (Reuters) - - Iran announced a nuclear fuel breakthrough and test-fired a new radar-evading medium-range missile in the Gulf on Sunday, moves that could further antagonise the West at a time when Tehran is trying to avert harsh new sanctions on its oil industry.

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U.S. President Barack Obama signed a law on Saturday imposing tougher financial sanctions to penalise Iran for a nuclear research programme that the West suspects is aimed at developing nuclear weapons.

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As tensions have risen, Iran threatened last week to close the Strait of Hormuz, a narrow Gulf shipping lane through which 40 percent of world oil flows, if sanctions hit its oil exports.

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Iran reports nuclear progress as sanctions loom - Reuters

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