Asia treads cautiously on Iranian oil exports despite US sanctions waiver (opens original article in a new tab)

Asian economies are cautious about purchasing Iranian oil despite a 60-day US sanctions waiver, as they weigh compliance risks and potential geopolitical tensions.

• Asian economies are cautious about buying Iranian oil despite a 60-day US sanctions waiver.
• Most Asian buyers, except China, avoided Iranian oil after 2018 US sanctions.
• India was a major buyer of Iranian oil before the sanctions.