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Iran on Tuesday described a border incident with Iraq, which caused oil prices to rise late last week, as a “misunderstanding” and called for experts from both countries to look into border demarcation issues.

The statement came two days after Iraqi officials said Iranian troops had withdrawn partially from a disputed oil area claimed by both Tehran and Baghdad, possibly defusing a border feud straining the two neighbours’ ties.

“Our stance has been crystal clear … it was a misunderstanding,” Iranian Foreign Ministry spokesman Ramin Mehmanparast told a news conference . Reuters

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