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 Busheh
Getty Images

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.

An oil tanker is seen off the port of Bandar Abbas, southern Iran.
Iranian oil exports on course to blow past limits


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