Exclusive: South Korea's Iran crude imports to plunge from June: sources
will make sharp cuts in imports of Iranian crude from June as tightening make it impossible to secure insurance cover for tankers to ship the crude, industry and company sources said. South Korea is the latest in a growing list of customers that have slashed Iranian crude imports. China, Japan and India, the other key consumers who buy most of Tehran's 2.2 million bpd of exports, have all cut purchases this year as sanctions make it impossible to pay, ship and insure the oil. South Korea stood out for committing to buy bigger volumes under ...
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