/ SEOUL: Two South Korean shipping companies said Friday they had this month suspended importing crude from due to a looming EU oil embargo that could effectively halt shipments of Iranian oil from July. , which handles refiner SK Energy's crude shipments, said it shipped its last cargo from Iran early this ...
's lower house is set to pass a bill on Friday to provide on insurance for Iranian crude cargoes, making it the first of 's big Asian buyers to find a way to keep the oil flowing in the face of tough new EU sanctions. takes effect on July 1 and includes a ban on EU insurance firms from covering ...
mainly steel, cars and electronics - to reduce its risk of payment defaults as western sanctions disrupt exports, highlighting the growing risk of doing business with the Islamic Republic. The move to limit the trade exposure of Asia's fourth-largest economy, which sold $1.7 billion of goods in ...
Hyundai Oilbank cites impact of euro zone crisis * Refiner is South Korea's biggest buyer of Iran crude * Latest in series of major Asian IPOs to be pulled or delayed * Company says will revive float when conditions improve (Adds details) SEOUL, June 15 (Reuters) - South Korean refiner Hyundai ...
a in Seoul and Robert Cookson in Hong Kong/ Hyundai Oilbank has shelved its planned $2bn initial public offering due to Europe’s debt crisis and lower risk appetite in global stock markets. “We’ve decided to suspend the offering due to uncertainties over the IPO’s success as the euro zone crisis ...
Japan's lower house passed a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, a key step towards it becoming the first of Iran's big Asian oil buyers to get round new European Union sanctions. The bill will now be sent to the upper house, where opposition ...
"Temporary" export ceiling measure started on June 12 * More details to be set if EU insurance issues finalised * New deals to be approved only if payment period within 180 days * Japan's lower house to pass bill to insure Iran oil on Friday-report * To allow sovereign guarantee to continue Iran ...
Israel ramped up air strikes on Gaza City in recent days/ Israel has launched its long-planned major ground offensive on Gaza City, conducting heavy air strikes overnight as troops pushed into the edges of the city. Thousands of Palestinians have been forced to flee down a single coastal road to ...
The mother of a Palestinian teenager killed by Israeli fire mourns during his funeral at a hospital in Gaza City in August/ A United Nations commission of inquiry says Israel has committed genocide against Palestinians in Gaza. A new report says there are reasonable grounds to conclude that four ...
Spain's Prime Minister Pedro Sánchez has called for Israel to be excluded from international sports competitions over its actions in Gaza. "Israel cannot continue to use any international platform to whitewash its image," he told elected representatives of his Socialist Workers' Party. He said ...
US Secretary of State Marco Rubio is meeting Israeli Prime Minister Benjamin Netanyahu in Jerusalem, with the aftermath of Israel's strike in Qatar expected to be high on the agenda. Last week's strike, which targeted senior Hamas leaders on the close US ally's territory, drew international ...
Families of Israeli hostages still being held by Hamas have said Prime Minister Benjamin Netanyahu is the "one obstacle" preventing their return and reaching a peace deal. The Hostages and Missing Families Forum wrote on social media that Israel's strike on Qatar last week shows "every time a ...
The first group of critically ill and injured Palestinian children set to receive NHS treatment have left Gaza and are expected to arrive in the UK in days. They are the first children to be brought to the UK for treatment as part of a government operation being co-ordinated by the Foreign, ...
Nasser Faratawi's West Bank property was taken over by the IDF in March/ Nasser Faratawi holds up a blackened garland of silicone flowers and a singed Ramadan lantern as he picks through the charred ruins of what was his popular party shop in Tulkarm in the north of the occupied West Bank. ...
Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani told the council that Israel was "led by blusterous extremists"/ The United Nations Security Council has condemned Israel's strikes on a residential compound in the Qatari capital Doha, which targeted senior members of Hamas. The ...
Israel's military operation in Gaza has killed tens of thousands of people, destroyed thousands of buildings, and severely restricted the supply of food. The operation was launched after Hamas rampaged through villages, military posts and a music festival in Israel on 7 October 2023, killing ...
A large plume of smoke billowed from the site of one of Wednesday's strikes in Sanaa/ At least 35 people were killed in Israeli air strikes on Houthi-controlled areas of Yemen on Wednesday, according to the Iran-backed group's health ministry. The Israeli military said it struck military targets ...