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US throttles Iranian oil flows to top buyers who vowed resistance

Iran will keep selling oil in spite of an expected resumption of US sanctions on the country's crude shipments, said Rouhani

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FILE PHOTO: A seagull flies in front of an oil platform in the Bouri oilfield some 70 nautical miles north of the coast of Libya | Photo: Reuters

Serene Cheong | Bloomberg Singapore
The world’s top oil buyers are discovering that US sanctions on Iran will  squeeze their trade flows whether they  agree with America or not.

It was only about three months ago that  India’s Foreign Minister Sushma Swaraj, said that the country  won’t adhere to unilateral restrictions and  will continue buying Iranian crude. China  also made similar comments and was said  to have rejected an American request to cut  imports. Japan and South Korea have held  talks with the US aimed at securing  exemptions.


Yet for all