Will Asia return to Iranian oil? Tehran races to secure largest oil importers after US waiver,
Iran is actively seeking new buyers for its oil in Asia, including India, Japan, and South Korea, following a temporary US sanctions waiver. This move aims to clear millions of barrels stored at sea and diversify its customer base beyond China. While some refiners are cautiously exploring opportunities, uncertainty surrounding US policy and ample alternative supplies are tempering immediate commitments. Discussions also involve longer-term arrangements and other energy products.
