Markets

Japan crude imports from Iran fall 72pc in April

Published May 31, 2016 Updated May 31, 2016 06:28am

1 min

By Parvez Jabri

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TOKYO: Japan's crude oil imports from Iran in April slumped 72 percent from a year earlier to 19,161 barrels per day (91,392 kilolitres), data from the Ministry of Economy, Trade and Industry showed on Tuesday.

The fall came after Japanese buyers held back from loading Iranian oil in March, worried they would not be able to rely on government-backed insurance for voyages to Japan.

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