Japanese oil traders are actively looking for an alternative to Iranian oil supplies

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Japanese oil traders are currently actively trying to find an alternative to Iranian oil supplies in order not to be slapped with U.S. sanctions and to prevent a shortage of oil in the country, local media reported. US President Donald Trump resumed sanctions against Iran, which enter into force on November 5. Companies that conduct trade with Iran, in particular, that purchase Iranian oil will be slapped with them. As the representative of the Ministry of Trade of Japan told reporters, the Japanese authorities negotiated with the US on easing in the field of purchases of Iranian oil. However, he refused to report their results.

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