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Asian refiners eager to resume Iranian oil imports as high prices bite

Most Asian buyers halted Iranian oil imports in 2019 after former US President Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on Tehran's oil exports

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Oil bonds amounting to Rs 1.3 trillion were outstanding till March 31

Reuters Tokyo/Seoul

3 min read Last Updated : Feb 18 2022 | 8:32 AM IST

Asian refiners, traditionally big buyers of Iranian oil, are keen to resume imports from Iran if there is an agreement to revive a 2015 nuclear deal, which could pave the way for more supply on global markets and soften prices.

Most Asian buyers halted Iranian oil imports in 2019 after former U.S. President Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on Tehran's oil exports.

Indirect talks between Iran and the United States on the nuclear deal resumed last week. Western diplomats have indicated they hoped to have a breakthrough by now, but tough issues remain unresolved.

Oil prices are

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Topics : Iran nuclear agreement Asian refiners Iran

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