/ 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 ...
Casualties from the incident were brought to Nasser Hospital in Khan Younis/ Twenty people trying to get food have been killed "amid a chaotic and dangerous surge" at an aid distribution centre in southern Gaza, the US- and Israel-backed Gaza Humanitarian Foundation (GHF) says. Nineteen were ...
Hezbollah leader Sheikh Naim Qassem addressed supporters in Beirut on 6 July/ At least 12 people have been killed in Israeli air strikes in Lebanon's eastern Bekaa Valley, a regional governor says. Seven Syrians, including a family of five, and three Lebanese were killed when the Wadi Faara area ...
Syria's defence minister announced a ceasefire as government forces entered Suweida city on Tuesday/ Israel says it has bombed Syrian government forces around Suweida, as they entered the predominantly Druze city following two days of deadly sectarian clashes. About 100 people have reportedly ...
Ten people were killed as they gathered near a water distribution point in Nuseirat refugee camp/ Mahmoud Abdul Rahman Ahmed says his son, Abdullah, was "searching for a sip of water" when he took the family's jerrycans on Sunday morning and headed as usual to one of the water distribution ...
A BBC documentary about Gaza breached editorial guidelines on accuracy by failing to disclose the narrator was the son of a Hamas official, the corporation's review has found. BBC director general Tim Davie commissioned the review into Gaza: How to Survive a Warzone, after it was in February ...
Syria's interior ministry said security forces were deployed to try to restore calm/ At least 30 people have been killed in armed clashes between Sunni Bedouin tribal fighters and Druze militias in southern Syria, the country's interior ministry says. The violence erupted in the predominantly ...
Last week, President Pezeshkian accused Israel of trying to kill him - a claim denied by Israel/ Iranian President Masoud Pezeshkian was reportedly slightly injured during one of Israel's attacks on Iran last month. Iran's state Fars news agency, close to the revolutionary guard, says that on 16 ...
Relatives mourn Palestinian child Saraj Ibrahim. In other photos and video, the man in grey is seen carrying the child's body after a strike hit a water distribution point/ Ten people, including six children, have been killed in an Israeli air strike while waiting to fill water containers in ...
Palestinians seeking food and other supplies near an aid distribution site in May/ The Nasser hospital in southern Gaza has said 24 people have been killed near an aid distribution site. Palestinians who were present at the site said Israeli troops opened fire as people were trying to access ...
Palestinians look on as a fire burns on a hilltop seized by Israeli settlers near Sinjil on 4 July/ Two Palestinians have been killed in an attack by Israeli settlers on a town in the north of the occupied West Bank, according to the Palestinian health ministry. Sayfollah Musallet, a 20-year-old ...