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Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver
Key takeaways
- NEW DELHI/SINGAPORE, June 23 (Reuters) - A temporary U.S.
- The U.S. authorised on Monday the sale of crude, petroleum products and petrochemicals of Iranian origin through August 21, easing decades-old sanctions as it pushes toward a final peace deal with Tehran.
- Hit by supply disruptions due to the blockade of the Strait of Hormuz since March, Asian refiners have been aggressively buying oil from the U.S., Russia, Africa and Latin America.
Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver By Nidhi Verma, Siyi Liu and Florence Tan Tue, June 23, 2026 at 4:35 PM GMT+7 3 min read CL=F By Nidhi Verma, Siyi Liu and Florence Tan
NEW DELHI/SINGAPORE, June 23 (Reuters) - A temporary U.S. sanctions waiver on Iranian oil sales is unlikely to draw orders from well-stocked Asian refiners, leaving independent Chinese refineries as the main buyer, trade sources and analysts said.
The U.S. authorised on Monday the sale of crude, petroleum products and petrochemicals of Iranian origin through August 21, easing decades-old sanctions as it pushes toward a final peace deal with Tehran.
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