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.
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One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
The Kremlin on Monday rejected a 60-day ceasefire idea proposed by Ukrainian President Volodymyr Zelenskyy to allow his country to hold presidential elections, saying it wanted an overall peace deal instead.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
The Saudi-led coalition in Yemen said late Monday that it intercepted and destroyed two ballistic missiles launched by the Houthi group toward Khamis Mushait in southwestern Saudi Arabia.
Energy security dominated the opening day of the 25th WPC Energy Congress in Riyadh, as Saudi Arabia warned of a serious response to recent attacks and industry leaders confronted growing threats to global oil and gas supplies.
Iran has offered to help ease escalating tensions between Saudi Arabia and Yemen's Houthis, warning that further conflict would benefit only Israel. The offer followed a phone call between the Iranian and Saudi foreign ministers.
A delegation of around 40 international travellers from 13 countries has concluded a three-day tour of Azerbaijan’s Garabagh and East Zangezur regions, exploring historic landmarks, reconstruction projects and an active mine clearance site.
One person was killed and nearly a dozen hurt in a fresh attack on Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis killed 13 people and wounded more than 300.
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