Iran has stepped up efforts to attract some of Asia’s biggest oil buyers after a 60-day US sanctions waiver took effect, creating a temporary opening for Tehran to resume exports and clear millions of barrels of oil currently stored at sea, according to a Bloomberg report.

Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.

Iran targets China and India for crude exports under a 60-day US sanctions waiver, sending oil prices down 2.7% with ripple effects across crypto and risk

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