Thursday, June 28, 2012

Iran may stop imports from South Korea

This was to be expected when Seoul joined Washington and others to show Teheran there would be repercussions for pursuing nukes.

The ROK government sticking to the plan and not importing Iranian oil hurts economically (with higher prices at the pump and fewer exports), but it's a sign of maturity on the global stage.

Maybe the newly signed Korea-Colombia free trade agreement will help.

http://www.cnn.com/2012/06/27/world/asia/korea-iran-oil/index.html


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