Summary Box: Asian countries want Iranian oil

AP News
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Posted: Jan 06, 2012 11:48 AM
Summary Box: Asian countries want Iranian oil

SKIP THE SANCTIONS: China, the biggest buyer of Iran's oil, has publicly rejected U.S. sanctions aimed at Tehran's energy industry while American allies Japan and South Korea are scrambling to find a compromise to keep critical supplies flowing.

SLIPPERY SLOPE: Sanctions approved by President Barack Obama on Saturday have led to a clash of interests between Washington and key commercial and strategic partners over efforts to stop Iran's nuclear program.

LET'S TALK: China's foreign ministry called for negotiations On Iran. Treasury Secretary Timothy Geithner is due to visit Beijing and Tokyo next week for talks that officials say will include the sanctions.