SINGAPORE, June 12 (Reuters) - Singapore is putting pressure on oil companies operating in the city-state to cut their dealings with Iran as it seeks to be exempted from U.S. sanctions on Iran's oil trade, sources said on Tuesday.
U.S. ally Singapore was absent from a list of countries that Washington this week declared exempt from sanctions after they reduced Iranian oil imports.
"Singapore is putting pressure on banks and oil companies because it doesn't want to risk U.S. sanctions," a source with direct knowledge of the matter said. "The biggest fear is the impact this will have on Singapore's financial system." Full story
Related:
Singapore in talks with US over Iran oil imports, exemption to sanctions - The Washington Post
Singapore says did not import Iran crude last month - The Malaysian Insider
Singapore in talks with US over Iran oil imports - msnbc.com
Singapore cuts back on Iranian oil - The Washington Times
