EU firms renew Iran oil deals to win sanction reprieve

LONDON (Reuters) - Italian, Spanish and Greek companies have extended most of their oil supply deals with Iran for 2012, meaning the lion's share of Iran's supplies to the European Union would likely be exempted from sanctions for at least the first half of the year. Trading sources told Reuters that Italy's Saras , ERG and Iplom, Greece's Hellenic as well as Spain's Repsol have either extended ...