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The US vice-president says a great deal of progress has been made after the first round of talks between the US and Iran.
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U. S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Vance says Iran agreed to let international nuclear inspectors back into the country during a "very, very good" first day of negotiations with the U. S.
The discussions at the Swiss resort of Bürgenstock marked the first negotiations since Washington and Tehran signed a memorandum of understanding last week.