Foreign: Iran has begun talks with Japanese companies under a U.S. sanctions waiver that allows Iran to resume oil sales, even as potential buyers seek longer waivers and assurances about the safety of the ships, according to three Iranian and Western sources.
The waiver, part of a 60-day peace deal between Tehran and Washington, was issued on June 22 and expires on August 21, Reuters reported on July 3, 2026.
Three Japanese buyers are eyeing possible purchases of Iranian crude, their first since 2019, according to two Iranian sources who declined to be named due to the sensitivity of the matter.
According to Western industry sources familiar with the matter, Japanese and Iranian officials are in early talks about a possible oil sale.
Japan, South Korea, India and European countries stopped buying Iranian oil when US sanctions were tightened following US President Donald Trump’s withdrawal from the Iran nuclear deal in 2018.
Translator: Nay Tola
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