Iraq cool on oil sale resolution

Iraq cool on oil sale resolution

New York - The UN Security Council unanimously authorised Iraq to sell $2bn (£1.29bn) of oil over six months in exchange for humanitarian supplies for its sanctions-starved economy. If Baghdad accepts the renewable plan, it would mark the first breach in the crippling sanctions set up after Iraq's August 1990 invasion of Kuwait. Early today Iraq responded negatively but avoided rejecting the proposals outright. Reuter

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