BREAKING NEWS

Clinton: China moving on cutting Iran oil imports

By REUTERS

JUNE 21, 2012 05:17

WASHINGTON - China is moving to cut its imports of Iranian oil, tracking earlier efforts by countries such as India, Japan and South Korea which won them exemptions from tough new US sanctions, Secretary of State Hillary Clinton said on Wednesday.

The United States has already exempted a number of major countries from the new sanctions, which it may impose starting on June 28 as Washington's most ambitious measure yet to force Iran to curtail its nuclear program by reducing its oil export sales.

China, which alone buys as much as a fifth of Iran's crude exports, has not yet been granted a similar reprieve, but Clinton hinted on Wednesday that one could be in the works.

"We've seen China slowly but surely take actions," Clinton said in an appearance with former US Secretary of State James Baker, detailing the US-led effort to sanction Iran for its nuclear program.

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