Asian buyers to deepen Iranian crude import cuts in 2013

BEIJING/SINGAPORE: Asian buyers of Iranian crude will deepen import cuts in 2013 and struggle to send cash to Tehran to pay for oil as tightening Western sanctions choke the flow of hard currency to Iran's coffers.

India to cut Iran oil imports by 11% amid US pressure

India has said it will cut imports of Iranian oil by 11% in the current financial year as it continues to face pressure from the US.