mo4ch:>Japan, South Korea to resume Iranian oil shipments in January | Mo4ch News

After reports that South Korea would restart its imports of Iranian crude, now sources familiar with refiners’ plans in both South Korea and Japan, told Reuters both countries will resume Iranian oil imports beginning in January.Earlier this month, S&P Global Platts reported, citing unnamed sources, too, South Korea will resume Iranian crude oil imports at a rate of about four million barrels a month. At the same time, the sources added, the country will continue to look for alternative sources of the commodity.Read more Also earlier this month, Japan’s Trade Minister Hiroshige Seki said, as quoted by Reuters, Japanese refiners were now preparing to resume Iranian oil imports.“It would be up to the judgment of private firms, but based on this decision, the (Japanese) companies would likely prepare for resuming Iran crude imports,” Seki said, declining to comment on the size of shipments as compared to imports before the announcement of the sanctions.The moment the Trump administrat…