Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 ...
TOKYO - Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of the expiry of a temporary waiver on U.S. sanctions, according to industry sources and data on Refinitiv Eikon.The waiver, which allowed Japan to buy some Iranian oil for another 180 days, expires in early May. However, Japanese refiners want to ensure enough time for all cargoes already loaded to arrive in Japan and for payments to be completed.
The United States last year demanded that nations cut all Iranian oil imports when it reimposed sanctions on the country’s petroleum sector on Nov. 4 over Tehran’s nuclear program. Japan has loaded 15.3 million barrels of Iranian crude in the first three months this year, which is equivalent to 86,430 barrels per day during the six-month waiver period, according to Refinitiv data and Reuters calculations.
Japan has increased imports from the Middle East, Russia and the Americas as its Iranian imports fell, according to government data.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel strike kills 7 Iranian, Iran-backed fighters in SyriaBEIRUT (AP) — A Syrian war monitoring group says an Israeli airstrike the night before killed seven Iranian and Iranian-backed fighters in northern Syria. The Britain-based Syrian...
Read more »
Iran welcomes Luxembourg court decision on U.S. seizure of Iranian assetsIran welcomed on Thursday a Luxembourg court's decision to refuse to reinfo...
Read more »
Floodwaters deluge Iran, killing at least 23, after a month’s worth of rain turns roads into riversA series of deadly drenchings are ongoing in Iran, just days after the country’s celebration of Nowruz – the Iranian new year.
Read more »
U.S. Says Iran Poised to Resume Work on Nuclear WeaponsIran’s Ministry of Defense unit responsible for developing nuclear weapons is poised to restart work and is using front companies to buy materials from Russia and China, U.S. officials alleged Friday.
Read more »
Comey: Imagine if it were Obama and Iran, not Trump and RussiaFormer FBI Director James Comey on Wednesday defended the investigations into President Donald Trump’s campaign after reports of interference by Russian agents in 2016, using a comparison that seems bound to get under the president’s skin
Read more »
US announces new round of sanctions on IranThe US State and Treasury departments on Friday sanctioned 14 individuals and 17 entities linked to SPND, Iran's organization for defense, innovation and research.
Read more »
Luxembourg court delivers setback to 9/11 families' Iran claimsA Luxembourg court refused on Wednesday to enforce a U.S. ruling that would have...
Read more »
Iran to cement ties with Lebanon, Hezbollah despite U.S. pressureIran said on Sunday it would expand its ties with Lebanon in spite of the '...
Read more »