Iran has initiated discussions with Japanese companies to sell crude oil, leveraging a temporary US sanctions waiver that allows Tehran to resume exports.
The waiver, issued on June 22 as part of ongoing 60-day peace talks between Washington and Tehran, is set to expire on August 21.
This marks a strategic effort by Iran to broaden its export base beyond traditional buyers in Asia.
Prospective Japanese buyers are reportedly seeking an extension of the waiver period, citing the need for greater certainty in long-term supply contracts.
Sources indicate that buyers are also demanding reassurances regarding ship safety, reflecting lingering concerns over maritime security in the region.
These conditions highlight the cautious approach of international traders navigating the complex geopolitical landscape.