Korea waived from U.S. sanctions on Iran oil but concerns linger
Foreign affairsJun 12, 2012
South Korea will be exempted from U.S. sanctions on Iranian oil but concerns persist as ongoing talks with the EU over its upcoming ban on insurance for ships carrying the crude remain deadlocked, industry officials and analysts said Tuesday.U.S. Secretary of State Hillary Clinton said Monday that Korea and six other economies will receive a 6-month waiver, citing a “significant” reduction in crude imports from the Middle Eastern country. The other recipients are India, Turkey, Taiwan, South Afr