No May Iran imports: Singapore

epa01087428 Fireworks illuminate the sky during the National Day Parade in the Marina Square in Singapore, 09 August 2007. The city- state celebrates its 42nd birthday today.  EPA/HOW HWEE YOUNG

Up in smoke: Singapore's banks could be in serious trouble if targeted by Washington

Singapore hopes to be exempt from US sanctions against nations that trade Iranian oil, announcing on Tuesday that it had imported none from Iran in May.

Singapore is not a big consumer of oil but is a major blender of fuel, including some from Iran, Reuters reported, adding that the city state would be seriously affected if its banks were targeted by Washington.

"Singapore would like to confirm that Singapore and the US are having constructive discussions on the import of Iranian crude oil and for an exception to the sanctions," Singapore's Ministry of Foreign Affairs said in a statement.

"In May 2012, no Iranian crude oil was imported into Singapore," the ministry added.

Washington is piling pressure on countries…

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