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China state refiners considering resuming Iran oil imports, sources say
China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a potential shift since 2019. Despite this, industry sources suggest interest may be tempered by ample alternative supplies and weakening domestic fuel demand. The complex logistics of banking, insurance, and shipping are also being scrutinized before any deals are finalized.
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energyintel.com
India's Iranian Crude Purchases Likely Remain Limited Despite Waiver
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.
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cryptobriefing.com
Iran courts Asia's largest oil importers under 60-day US sanctions waiver
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
