Iran has begun talks with Japan about selling oil to Japanese companies, according to Iranian and Western sources. The discussions come less than a month after the U.S. eased decades-old sanctions on Iranian oil as part of efforts to secure a final peace deal with Tehran.
The U.S. relaxed the sanctions in exchange for commitments from Iran on nuclear inspections and freedom of navigation through the Strait of Hormuz.
Prospective Japanese buyers are seeking a longer sanctions waiver from Washington, along with reassurances over safe shipping conditions in the Gulf, the sources said.
China has been the main buyer of Iranian oil in recent years after customers in South Korea, Japan, India and Europe halted purchases because of tighter U.S. sanctions. Those sanctions followed U.S. President Donald Trump's withdrawal from the Iran nuclear pact in 2018.
The U.S. Treasury Department's current sanctions waiver allows the sale of Iranian crude oil, petrochemicals and petroleum products until 21 August.
Japan's Foreign Ministry and the U.S. Treasury did not immediately respond to requests for comment.
The Strait of Hormuz is "under Iran's control and management", the head of Iran's Basij paramilitary unit, Hossein Taeb, said on ...
Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hun...
Taiwan staged military defence drills on Wednesday as China concluded joint naval exercises with Indonesia in waters east of the island....
Disruption in the Strait of Hormuz has increased the strategic importance of Bab al-Mandab, raising fears that instability in both waterways could trigger a wider global energy and trade crisis.
Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to implement it.
Millions of people across Spain and Iceland are preparing on Wednesday to witness a rare total solar eclipse, when the moon will pass directly between Earth and the Sun, briefly turning daylight into darkness along a narrow path.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of August, covering the latest developments.
The Strait of Hormuz is "under Iran's control and management", the head of Iran's Basij paramilitary unit, Hossein Taeb, said on Thursday, according to semi-official Fars news agency.
Central Asia’s economy has surpassed $543 billion, driven by Kazakhstan’s economic weight, strong exports and foreign investment, while growing trade across Asia points to an increasingly connected region.
The United Nations refugee agency is planning a settlement and carpet-weaving workshop for Afghan returnees in Kabul as the country grapples with large-scale returns and growing pressure on housing, jobs and basic services.
Iran will soon join the New Development Bank (NDB), the lender established by BRICS nations, Central Bank Governor Abdolnaser Hemmati said in a state media report on Wednesday ahead of a BRICS finance meeting in India.
Azerbaijan's President Ilham Aliyev has outlined an expanded vision for the Zangezur Corridor, describing it not simply as a transport route connecting mainland Azerbaijan with the Nakhchivan exclave, but as a future platform for energy, telecommunications and wider regional integration.
Iran and Russia are seeking closer cooperation on arms control and Iran’s nuclear programme as the two countries deepen strategic ties amid heightened tensions with the U.S. and Israel.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment