Japan, U.S. Near Deal on Iran Oil Import Cut

Japan, U.S. Near Deal on Iran Oil Import Cut

By: Osamu Tsukimori and Yoko Kubota | Reuters

Japan is close to agreement with Washington on the size of cuts refiners must make in imports of Iranian crude oil to win waivers from U.S. sanctions, two ministers said Tuesday after a media report the two sides would settle on an 11 percent cut.