E-Paper | June 11, 2026

Yen for oil

Published July 15, 2007
comments
Whatsapp Channel
Add Dawn as a trusted source
Google Preferred Source

TOKYO, July 14: Iran has asked Japanese refiners to pay in yen currency for all crude oil purchases in an apparent attempt to reduce the Middle Eastern country's US dollar holdings, a news report said on Saturday.

Iran, in a standoff with the US over its uranium enrichment programme, has asked to switch to yen-based transactions immediately, Japan's Kyodo News agency reported, citing an unidentified oil industry official.—AP

Our readers are at the heart of everything we do.
Do you have a thought to share or a way we can improve? We’d love to hear it. Reach out to us at feedback@dawn.com.
Newspaper

Read more

Most Popular

01
02
03
04
05
06
07
08
09

Latest Stories

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Dawn News English Podcasts
Subscribe