South Korea Will not Lift Iranian Crude in July
For the first time in six years, South Korea will not lift any Iranian crude and condensate in July, three sources familiar with the matter said on Friday. The move comes amid US pressure to cut all Iranian oil imports from November 4. “There was pressure from the South Korean government to halt purchases,” said the source familiar with Iranian shipping arrangements. “South Korea overall is lifting zero oil (from Iran) for July loading.” The move by South Korea, one of Iran’s main customers in Asia along with China and Japan, comes as it is ...
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