Seoul and Tokyo seek to ease Iran oil ties

Financial Times ^ | January 5, 2012 7:08 pm | By Ben McLannahan in Tokyo, Song Jung-a in Seoul and Leslie Hook in Beijing

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Japan and South Korea are seeking new suppliers of crude oil to lessen their dependence on Iran, in response to US pressure to stop buying from the country.

The move comes as Tehran has threatened to block the Strait of Hormuz, through which a third of the world’s seaborne oil trade passes, if the west imposes oil sanctions against it.

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This demonstrates the insanity of us not drilling or building the collaborative pipelines. Oil is all that keeps some of the radical regimes afloat and if we all went after our own, they would have to come hat-in-hand instead of spitting in our eye.