Iran Moves to Tap Key Asian Markets as U.S. Waives Oil Sanctions ...Middle East

Iran is pitching its oil to Asian buyers outside China, contacting India, South Korea, and Japan, as the United States issued a temporary two-month waiver allowing Iranian oil sales, including in U.S. dollars, until August 21. As part of the 14-point memorandum of understanding with Iran, the United States on Sunday authorized the production, delivery, and sale of crude oil, petrochemical products, and refined oil products of Iranian origin through August 21, 2026. Representatives of the National Iranian Oil Company (NIOC) and other sellers have…

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