Iran sanctions: Japan negotiates with US for oil exemption

Japanese Trade minister Hiroshige Seko says Japan will continue to negotiate with the US for an exemption to sanctions on Iranian oil imports, the country’s national broadcaster NHK reported.

The United States re-imposed the first phase of Iran sanctions on Tuesday, with one of the targets the country’s automobile industry.

In addition, the US is asking Japan and other countries to end imports of crude oil from Iran by November.

Seko told reporters on Tuesday that Japan has informed the US of its basic position to prevent any negative impact on energy supply and Japanese business activities.