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From the Liveblog of
Friday, July 3, 2026
From the Liveblog of
Friday, July 3, 2026
Iran in talks with Japanese companies to sell oil under US sanctions waiver, sources say
Add ToI as a Preferred Source on GoogleIran has begun talks with Japanese companies under a US sanctions waiver allowing it to resume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources say.
The waiver, part of 60-day peace talks between Tehran and Washington, was issued on June 22 and expires August 21.
Japan’s foreign ministry and the US Treasury do not immediately respond to Reuters requests for comment.
Japan, South Korea, India and European countries stopped buying Iranian oil when US sanctions tightened following US President Donald Trump’s withdrawal from Iran’s nuclear pact in 2018.
China has been Iran’s main buyer in recent years.
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