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Asia Oil Buyers Said to See More Chance for U.S. Waivers on Iran

  • Iran’s customers including S. Korea, India in talks with U.S.
  • Exemptions sought as prices rise, alternative supply squeezed
Views Of A SK Innovations Gas Station As Company Reports 4Q Earnings Result
Photographer: SeongJoon Cho/Bloomberg

Asian buyers of Iranian oil are gaining confidence they will win U.S. consent for some imports to continue even after American sanctions snap back next month.

Major Iranian customers South Korea, India and Japan are in talks with Washington for waivers, highlighting the specific reasons they need to continue purchases, according to people familiar with the discussions. Despite the upbeat tone, the exemptions from the U.S. haven’t been finalized and may not end up being approved, they said, asking not to be identified because the negotiations are confidential.