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Mid-East stocks plummet as sanctions on Iran ease

Iran is targeting an immediate increase in oil shipments of 500,000 barrels a day: minister


STOCKS across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market already reeling from the lowest prices in more than a decade. Shares in Teheran gained.

Saudi Arabia's Tadawul All Share Index dropped 7.2