Iran is having problems selling its oil, AFP quoted Iranian President Mahmoud Ahmadinejad as saying Tuesday, in the latest high-level confession that Western economic sanctions are taking their toll on the Iranian economy.

"There are some problems in selling oil and we are trying to manage it," Ahmadinejad said on state television. US-led sanctions against Iran have aimed to force it to shut down its illicit nuclear program, which Western countries believe could be aimed at producing nuclear weapons. Iran insists its nuclear program is peaceful.

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