US seeks accord on Iraqi oil revenue by June deadline

US officials want the United Nations to quickly lift sanctions on Iraq and phase out an oil-for-aid program. The program would extend past its scheduled June 3 expiration, under the US proposal, but would be phased out over 4 months.A resolution is needed soon "in order to get the Iraqi economy started again, in order to have free trade and an economic transformation, so the Iraqi people can be taking care of themselves in the future," Kim Holmes, US assistant secretary of state for international organizational affairs, told the Foreign Press Center May 12. "It's important that the situation in Iraq return to normal as quickly as possible, and we believe that lifting sanctions is a ne...

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