Japan to halt Iran oil imports under US pressure | 2018-09-04 | daily-sun.com

Japan to halt Iran oil imports under US pressure

4 September, 2018 12:00 AM printer

TOKYO: Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported.

US President Donald Trump in May pulled out of a 2015 nuclear deal with Iran and last month began reimposing sanctions that block other countries from trading with Iran.

A second phase of sanctions targeting Iran's crucial oil industry and banking sector will be reinstated on November 5, reports AFP.

Japan has been seeking a waiver that would allow it to continue importing Iranian oil, but it appears unlikely to win one, Jiji Press agency and other local media reported in recent days.


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