South Korea imports No Oil From Iran in June - First-Half Imports Fall 37%

[ThunderBlade + 231]

South Korea imported no crude oil from Iran for a second month in June following the end of a U.S. sanctions wavier, with Iranian imports for the first half dropping 36.9% from a year earlier, customs data showed on Monday.South Korea, the world’s fifth-largest crude oil importer and one of Iran’s major oil customers, stopped importing Iranian crude from May after waivers on U.S. sanctions against Iran ended at the start of that month. South Korean oil buyers mainly imported condensate, an ultra-light oil, from Iran. Shipments of Iranian oil in the first six months of the year were nearly 3.9 million tonnes, or 156,155 barrels per day (bpd), down 36.9% from 6.13 million tonnes during the same period a year earlier, according to customs data.

[Pavel + 384]

According to data, after China, SK was on the second place as a oil importer from Iran:  

China imported 613,000 barrels or Iranian oil per day in March, while South Korea and India imported 387,000 and 258,000 respectively

 

[francoba + 93]

The sanctions work..

[pinto + 293]

Iran's regime can not "survive" this global action...

[John Foote + 1,135]

2 minutes ago, pinto said:

Iran's regime can not "survive" this global action...

Why not? They been mostly cut off for 40 years. They aren't like the Arab oil producing countries, dependent on the outside for most things. 

The standard of living will take a minor hit, but it's been low for quite some time.

The paradox, the previous decades of sanctions have left them for more self-sufficient than most countries in the world. 

[pinto + 293]

6 minutes ago, John Foote said:

Why not? They been mostly cut off for 40 years. They aren't like the Arab oil producing countries, dependent on the outside for most things. 

The standard of living will take a minor hit, but it's been low for quite some time.

The paradox, the previous decades of sanctions have left them for more self-sufficient than most countries in the world. 

Not sure. China, Japan, India and South Korea together import more than 60 percent of Iranian oil exports. Of course, without export in Japan, India, and SK - Mullahs are on the one way street...Money no flows.

[footeab@yahoo.com + 2,132]

6 minutes ago, John Foote said:

Why not? They been mostly cut off for 40 years. They aren't like the Arab oil producing countries, dependent on the outside for most things.

ya missed sarcasm school......  Should you wish to learn: Note the << ... >>  and if that wasn't a big clue, the first one was the "survive"

[ronwagn + 6,290]

8 hours ago, John Foote said:

Why not? They been mostly cut off for 40 years. They aren't like the Arab oil producing countries, dependent on the outside for most things. 

The standard of living will take a minor hit, but it's been low for quite some time.

The paradox, the previous decades of sanctions have left them for more self-sufficient than most countries in the world. 

Russia is in the same position but both countries would be far better off if they had been good members of the global community. The Russian economy is about the size of Spain's. 

[JR EWING + 123]

5 hours ago, ronwagn said:

Russia is in the same position but both countries would be far better off if they had been good members of the global community. The Russian economy is about the size of Spain's. 

And I suppose your definition of a good member of the global community is to do the US bidding, but you do realize that these countries simply don't want to do what the US bids. And you must also realize that at some point the US will pay the piper for their Jackboot diplomacy.

[ronwagn + 6,290]

We are pushing it IMHO but we have to look at what or adversaries are doing. They are China, Russia, Iran, Turkey, North Korea, Cuba, Venezuela etc. Compared to them we are choir boys. I think you need to look at the whole picture. 

[JR EWING + 123]

the US made Iran what it is, lest you forget the coup exercised by the US to seat the SHAH. Lets not forget the efforts to rape and plunder Russia after 1990, and effort that was ended swiftly by Putin. Hence this dislike. Cuba, Jesus. an adversary, you gotta be kidding me. Venezuela, Chavez nationalized oil and for that Venezuela is what it is today. Considered an outcast unless the profits flow into wall street. Turkey, the US is protecting the cleric that tried to oust the president elect. And the US shelters that cleric. Was it worth it?. Some think the CIA was the coordinator. NK, still at war and has every right to self determination. Do I like it that any of these countries aspire to nuclear ambitions, no. But I'm much more concerned about the the US. Recent poll in Germany pointed out that 70% of Germans were concerned with the behavior of the US and 20% were concerned about Russia from a defense perspective. That tells you something. And these threats to sanction European countries (previously known as allies) because they wont buy US Shale gas that is 30% more expensive than Russian piped gas. You gotta be kidding yourself about who your adversaries are. All made up or generated so that the US can supply 40% of the military hardware to the worst state actors in the world who actually use the stuff which is good for business as you get to restock the shelves. Everyone is an enemy when you keep poking them with threats and financial ruin.

[Tomasz + 1,608]

There is simple solution - don't expand NATO to the east because is true reason for new Cold War.  If you think Russia will sit and do nothing when hostile military alliance take naval base in Crimea and put their tanks 400 kilometers from Moscow you are right Russia doesn't want such a cooperation with the West because it's capitulation not cooperation. That's red line and it was perfectly clear after first Maidan and after russian-georgian war at the latest. It's Russian sphere of influence and if you know Monroe doctrine you should be familiar with it.