Iran Oil Buyers Stay on Sidelines as Waiver Decision Looms
- Chinese, Japanese, Korean buyers said to be pausing purchases
- U.S. sanction exemptions will expire in the first week of May
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The biggest buyers of Iranian oil are said to be putting their purchases on hold as they wait to see whether the White House will extend waivers allowing them to keep buying the crude.
Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that are set to expire in the first week of May, according to people with knowledge of the matter. Even if the waivers are extended, it would be too late to order and receive cargoes for the month, said the people who asked not to be identified as the information is private.