Iran selling more oil to Asian economies

Crude reaches market despite sanctions

Posted: November 24, 2012 at 3:13 a.m.

Finaval SpA’s Neverland Dream oil tanker (left) is seen in Singapore, Asia’s largest oil-trading-and-storage center. Customs data show Iranian oil shipments to Asia have increased since the West tightened sanctions in July.

Iran is supplying more oil to Asia’s largest economies than at any time since the West tightened sanctions in July, threatening to undermine efforts to halt the country’s nuclear program and curbing gains in crude prices.

This story is only available from our archives.

Business, Pages 35 on 11/24/2012