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South Korea, Japan ask EU to extend oil insurance on imports of Iranian oil
An Iranian oil tanker
The South Korean Economy Ministry says Seoul and Tokyo have asked the European Union to extend insurance contracts on tankers carrying Iranian crude after the bloc’s oil embargo comes into effect on July 1.
“To the EU members, we explained the problems that could be caused to non-EU members by the EU insurance embargo,” the ministry said in a Monday statement. “In close...
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