Iran is courting Indian, Japanese and South Korean refiners after a two-month US sanctions waiver, but Asian buyers are holding back.

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to…

The waiver authorizes the production, and delivery and sale of Iranian oil for two months.

Asian refiners are hesitant to buy Iranian oil, leaving China as the primary buyer amid U.S. sanctions relief.

Exports recovering from wartime collapse, but China remains only major customer