Japan weighs first Iranian oil purchases since 2019 ...Iraq

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Japan weighs first Iranian oil purchases since 2019

Shafaq News- Tehran

Iran has opened talks with Japanese companies on resumingcrude oil exports under a 60-day US sanctions waiver issued on June 22 as partof ongoing negotiations between Tehran and Washington, sources told Reuters onFriday.

    Three Japanese companies are considering purchasing Iraniancrude for the first time since 2019, according to the sources. Japan's Ministryof Economy, Trade and Industry, however, said it was unaware of the talks.

    US sanctions had halted Iranian oil exports to Japan, SouthKorea, India, and European countries following President Donald Trump'swithdrawal from the 2015 nuclear agreement in 2018. The waiver forms part ofbroader indirect negotiations between Washington and Tehran, wherenegotiators are working to implement the June 17 Memorandum of Understanding.The discussions cover sanctions relief, the release of frozen Iranian assets,and freedom of navigation through the Strait of Hormuz as both sides seek acomprehensive agreement.

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