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September 3, 2018       Share:    

Source: https://www.japantimes.co.jp/news/2018/09/02/business/japans-oil-distributors-stop-importing-iranian-crude-avoid-u-s-wrath-sources/

Japan to Halt Importing Iranian Oil in October

(Japan Times) Japan's major oil distributors, taking heed of U.S. demands, are expected to suspend crude imports from Iran in October, sources said Saturday. The move comes as major Japanese banks prepare to halt transactions related to Iran, which will make it difficult for distributors to process payments even if they continue buying Iranian oil. Saudi Arabia provided Japan with 39% of its crude oil in 2017, while Iran supplied 5%.

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