US urges South Korea to cut Iranian oil imports

[Little Tich]

Source: Channel News Asia

SEOUL: A senior US official urged South Korea and other countries Tuesday to reduce purchases of crude oil from Iran in line with a US-led drive to sanction Tehran for its nuclear programme.

Robert Einhorn, the State Department's special adviser for nonproliferation and arms control, made his comments when he held talks with Deputy Foreign Minister Kim Jae-Shin.

"We are urging all of our partners to help us, to work with us in putting pressure on the government of Iran to get it to negotiate seriously," said Einhorn, who arrived Monday for a three-day visit.

"We are urging them to reduce their purchases of crude oil from Iran and to unwind their financial dealings with the central bank of Iran."

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1177277/1/.html

[xchrom]

1. If I'm not mistaken - the oil embargo won't hurt SK - but

A good deal of harm done to their tankers - I. E. Their economy.

[dipsydoodle]

2. Note here from Satuday.

Iran has yet to resort to tanker for storage : http://upload.democraticunderground.com/101425511

Aide from that SK may well be getting lower prices from Iran. If they forced to pay higher prices elsewhere the US could course pay them the price difference.