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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