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Japan's lower house passes Iranian oil tanker bill

Rear of oil tanker

Japan took a major step towards circumventing the imminent EU sanctions against Iranian oil on Friday after its lower house passed a bill to provide government guarantees on insurance for Iranian crude cargoes, Reuters reported.

The bill must now gain approval from the upper house, where opposition parties have the majority but have signalled their support.

It is expected to become law by around 27 June if passed before the

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