News Briefs

  Adar 23, 5770 , 09/03/10

Oil Traders Dump Iran

The three largest oil trading firms in the world – Glencore, Trafigura and Vitol – announced Monday that they would no longer do business with Iran. A report in the London Financial Times said that the companies had concluded that there was too much risk and not enough profit in supplying Iran. The three companies had been responsible for supplying Iran with about half its daily oil use.

Other archived news briefs:Mar 09 2010, 01:45 AM, 3/9/2010