Economics
U.S. Allies Starved of Iran Oil Even Before Trump's Deadline
- Sept.-loading Iranian cargoes may be last to head for Japan
- U.S. has asked buyers to end Iranian oil purchases by Nov. 4
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Iranian oil shipments to some U.S. allies are being threatened even before America’s Nov. 4 deadline for buyers to curb imports and comply with renewed sanctions on the OPEC member.
September-loading cargoes are set to be the last to head for Japan if the Asian nation doesn’t receive an exemption from the U.S., people with knowledge of the matter said. South Korea, meanwhile, is said to be facing problems with July shipments because of tanker-insurance and chartering issues, with buyers already shunning a form of oil known as condensate from the Persian Gulf state. A Taiwanese refiner is mulling ending purchases.