Iran Crude to Japan Said to Face Blocks After Court Order
Iranian oil shipments to Japan may be blocked after the bank handling payments on the transactions was ordered by a U.S. court to freeze assets belonging to the Persian Gulf nation, according to two refinery officials with knowledge of the matter. The National Iranian Oil Co., the country’s state-run oil company, will stop Japanese refiners from picking up cargoes until it can find alternative ways to access payments received through accounts at the Bank of Tokyo unit of Mitsubishi UFJ Financial Group Inc. (8306), the officials said, ...
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