Sanctions do not penalize non-U.S. refiners from buying Iranian crude, but they make it hard for foreign banks to pay the Islamic Republic the hard currency that makes up around 50 percent of government revenue. Just this week, Indian refiners began paying around $5 billion of oil debts after struggling for seven months to find a way to get money to Tehran.
Washington wants to isolate Tehran over its nuclear program, which it believes Iran is using to develop weapons. Tehran says it needs nuclear power.
South Korea is one of Iran's top crude buyers, importing around 230,000 barrels per day on average, based on total imports in the first half of the year. Its refiners are paying Iran for oil into bank accounts in South Korea.
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Person | About | Day |
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نسرین ستوده: زندانی روز | Dec 04 | |
Saeed Malekpour: Prisoner of the day | Lawyer says death sentence suspended | Dec 03 |
Majid Tavakoli: Prisoner of the day | Iterview with mother | Dec 02 |
احسان نراقی: جامعه شناس و نویسنده ۱۳۰۵-۱۳۹۱ | Dec 02 | |
Nasrin Sotoudeh: Prisoner of the day | 46 days on hunger strike | Dec 01 |
Nasrin Sotoudeh: Graffiti | In Barcelona | Nov 30 |
گوهر عشقی: مادر ستار بهشتی | Nov 30 | |
Abdollah Momeni: Prisoner of the day | Activist denied leave and family visits for 1.5 years | Nov 30 |
محمد کلالی: یکی از حمله کنندگان به سفارت ایران در برلین | Nov 29 | |
Habibollah Golparipour: Prisoner of the day | Kurdish Activist on Death Row | Nov 28 |