After the UNs nuclear watchdog said Iran had begun enriching uranium to a higher grade than is needed for power generation, US Treasury Secretary Timothy Geithner visited China and Japan prime ministers to convince them no to import oil form Iran in order to reduce the earnings Iran derives from its oil exports whereby to increase the amount of pressure ...

By Reuters (Reuters) -Japanis seeking an exemption from proposed new U.S. sanctions againstIranthat could effectively freeze Tehran's use of payments for oil, the Nikkeibusinessdaily reported on Tuesday, citing sources. Japanese Finance Minister Koriki Jojima asked U.S. Treasury Secretary Timothy Geithner at an October 11 meeting in Tokyo for ...