Iran's top Asian clients slash further oil imports - The National

Iran's top Asian clients slash further oil imports - The National:

"Iran's top four oil clients have cut their imports from the Middle Eastern nation by more than a fifth in the first six months of the year, but are soon to face increased pressure from the United States to reduce shipments still further.

The cuts by China, India, Japan and South Korea point to the United States' and European Union's success in reducing Tehran's vital oil cash flows as they try to force Iran to halt a disputed nuclear programme. Oil shipments from Iran are down about 60 per cent on average compared to pre-sanction levels.

US lawmakers now want to further toughen the measures that have cost Iran billions of dollars a month in lost revenue, with a goal to squeeze exports to a trickle."

'via Blog this'