June 26th, 2012
04:36 AM ET
South Korea to suspend imports of Iranian oil after EU ban
By Paula Hancocks
South Korea said Tuesday that it will halt all Iranian oil imports from the start of July in response to a European Union insurance ban on tankers carrying crude from Iran.
The EU and United States have been widening sanctions against Iran recently to put pressure on Tehran to curtail its nuclear program.
Western powers say they believe the program is intended to build nuclear weapons, but Iran insists it is for peaceful purposes.
South Korea is the first major consumer of Iranian oil in Asia to suspend all imports. Iran's other big oil customers in the region are Japan, China and India - none of which have announced plans to stop receiving shipments.
@natlsecuritycnn on Twitter
No surprise here since the U.S. owns South Korea lock, stock and barrel!!! All this Iran bashing is starting to get old and fast!
You know what F–K North Korea.
That country needs a major goverment change and I support what the general stated.
NK starves and imprisons it's own people while threatening nukeclear war. NK is a complete nusiance of country that lives in an old totalarian communist mentality of the past.
The taxi drivers had a strike last week about fuel prices in Korea, I'm sure this will help them! haha
Won't affect Iran, just rallies Iranians against Israel and the west..