The top Asian oil importers and Iranian oil customers—China, India, Japan, and South Korea—bought in June their lowest combined volume of Iranian oil in seven months, as South Korea slashed Iranian purchases amid returning U.S. sanctions on Tehran. The four Asian oil importers bought in June a total of 1.45 million bpd from Iran, down by 0.5 percent compared to June 2017, and the lowest combined level since November 2017, according to ship-tracking and government data compiled by Reuters . Iran’s largest oil customer—China—saw its Iranian imports increase by nearly 2 percent on the year to around 525,000 bpd in June, according to Reuters oil flow data. China is one of Iran’s customers not expected to halt shipments from Tehran when U.S. sanctions kick in later this year. Indian imports jumped by almost 20 percent on the year in June. Yet, compared to May, when the U.S. said it […]