U.S. Wants Iran Oil Buyers to Pledge Cuts or Risk Sanctions

The Obama administration wants China, India and 10 other nations to present plans detailing how they will curtail Iranian oil imports, saying past cuts aren’t enough to win them an exclusion from new U.S. sanctions. Secretary of State Hillary Clinton this week granted Japan and European Union countries six-month, renewable exemptions from the measures that take effect June 28, crediting them with “significantly reducing” imports from the Persian Gulf nation. March 23 (Bloomberg) -- U.S. Representative Mike Rogers, a Republican from Michigan and chairman of the House Intelligence Committee, talks about the impact of rising global tensions over Iran’s nuclear program on oil prices. Rogers speaks with Betty Liu on Bloomberg...

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Obama heads to South Korea for nuclear summit

Seoul, South Korea  -- President Barack Obama travels to South Korea Saturday on a three-day trip centered on an international nuclear security summit in Seoul. He is due to arrive in Seoul early Sunday, where he will later hold a bilateral meeting with his South Korean counterpart Lee Myung-bak.Top officials from 54 countries, including China and Russia, will attend the summit meeting on Monday and Tuesday.But its message of international cooperation has been overshadowed by North Korea's announcement last week that it is planning to carry out a rocket-powered satellite launch in April.South Korea has said it considers the satellite launch an attempt to develop a nuclear-armed missile, while the United States has warned the...

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