Iran has begun negotiations with Japanese energy companies to sell crude oil, leveraging a temporary US sanctions waiver that permits Tehran to resume exports.
The discussions mark a strategic effort by Iran to diversify its customer base beyond traditional buyers, utilizing the exemption issued on June 22 as part of ongoing 60-day peace talks.
However, prospective Japanese buyers are seeking a longer duration for the sanctions waiver and explicit reassurances regarding ship safety before finalizing any agreements.
Sources indicate that concerns over the security of vessels transporting Iranian crude remain a significant hurdle, with buyers wary of potential disruptions or secondary sanctions risks if the waiver expires or is revoked.
The development adds a new layer of complexity to the global oil market, which has been closely watching Iran's export capabilities.
While the waiver allows for a temporary resumption of sales, the uncertainty surrounding its renewal and the safety of maritime routes continues to weigh on market sentiment.