BREAKING NEWS

Iran to review Seoul ties if oil imports suspended

By REUTERS

JUNE 28, 2012 22:52

DUBAI - Iranian Oil Minister Rostam Qasemi warned South Korea on Thursday that Tehran would reconsider ties with Seoul if the country stopped importing oil from Iran, the official IRNA news agency reported.

South Korea announced on Monday it would halt imports of Iranian crude from July 1 due to a European Union ban on insuring tankers carrying Iranian oil, becoming the first major Asian consumer of Iranian crude to announce suspension of crude imports.

"If South Korea completely halts imports of Iranian oil, there will be a reconsideration in ties with this country," Qasemi said according to IRNA, without elaborating.

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