Title: South Korea Did Not Import Iranian Crude Oil in July

Preliminary data from the Korean Customs Service revealed today (Tuesday in Korea) that South Korea did not import Iranian crude oil in July, marking a year without such imports. Additionally, it was noted that "Seoul, the fifth-largest crude oil buyer in the world, imported a total of 10.5 million tons of crude last month, compared to 13.2 million tons imported in the same month last year." The Korea National Oil Corporation, which is state-run, will release the final data on South Korea's crude oil imports for last month later this month. The company's data is considered the industry standard for South Korean oil imports.