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Japanese firms to suspend imports of Iranian oil

  • September 5, 2018
  • , Yomiuri
  • JMH Summary

Yomiuri reported that major Japanese oil companies, including Showa Shell, have decided to stop importing Iranian petroleum ahead of the planned reinstatement of U.S. economic sanctions in November, projecting that they will notify the Iranian side as early as today in order to avoid shipments beyond November. The GOJ is expected to continue negotiating with the USG to try to obtain an exemption from the secondary sanctions irrespective of the companies’ decisions to suspend imports.

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