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Global crude supplies sufficient to cut Iran imports: DJ

This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant.
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This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant.

The White House says the United States will continue to pause its efforts to reduce Iran's oil sales; in exchange, Iran continues to take steps to halt its nuclear program progress, Dow Jones reported Wednesday afternoon.

The White House added that global oil supply is sufficient enough to allow reductions in foreign purchases of Iranian oil.

Correction:

This story has been updated to reflect that the developments Wednesday were not new events but rather expected parts of an ongoing process.

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