How long can it be before Bush orders war on Europe?
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AMSTERDAM, Netherlands: European oil companies Royal Dutch Shell PLC and Repsol YPF SA have signed a preliminary agreement with Iran's state oil company on developing gas fields in the Persian Gulf, a Shell spokeswoman said Monday.
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The United States and its allies have been pressuring banks and oil companies to pull out of oil and gas projects in Iran, due to Tehran's pursuit of nuclear technology for what it says are nonmilitary purposes. Some analysts believe oil companies may ultimately have to choose between doing business with the U.S. or Iran.
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