Japan Curbs Oil Imports From Iran on Concern Over Disruptions

Japan is curbing crude oil imports from Iran, its third-largest supplier, out of concern the standoff over the Middle Eastern country’s nuclear program increases the risk of supply disruptions.

Imports from Iran tumbled 20 percent to 2.18 million kiloliters (37,614 barrels a day) last month, bringing the decline to 14 percent for the four months ended April 30, according to Trade Ministry data. Japan brought in more oil from Saudi Arabia and the United Arab Emirates, the ministry said in a report released in Tokyo today.

Bloomberg