IRAN

 

Asian Imports Of Iranian Crude Creeping Back Towards Pre-Embargo Levels

Asia’s crude oil imports from Iran look likely to recover next month to levels seen before the European Union’s (EU) ban on insurance for ships carrying Iranian crude came into effect on 1 July. Iran’s top four buyers – China, India, Japan and South Korea – normally take over 50% of the Islamic republic’s total oil exports, and have actively been...