Capitals, March 21 (SANA) Several Asian countries are moving to resume imports of Iranian oil following a temporary 30-day U.S. sanctions waiver, in a shift that reflects mounting pressure on global energy markets amid escalating tensions in the Middle East.
The move comes as governments seek to limit the impact of supply disruptions and rising prices, raising concerns over a potential deepening of the global energy crisis.
Energy sector sources said Indian refineries have begun preparations to resume purchases of Iranian crude, pending official approval from New Delhi and clarification from the United States on payment mechanisms and waiver conditions.
India remains highly sensitive to oil price fluctuations, particularly after increasing imports of Russian crude in recent years, due in part to relatively limited domestic reserves.
Meanwhile, refineries in other Asian countries are exploring purchases of Iranian oil shipments already at sea, taking advantage of waivers covering pre-loaded cargo.
The exemption could provide buyers with a short window to re-enter the Iranian market without facing legal risks, at least temporarily.
South Korea said it has begun consultations with Tehran and other parties to ensure energy supply stability, amid signs of greater flexibility from Iran regarding navigation through the Strait of Hormuz.
In recent days, Iran has allowed several vessels to transit the strait following diplomatic efforts aimed at avoiding disruption to one of the world’s most critical oil shipping routes.
International reports suggest that limited arrangements have enabled some countries, including India and Turkey, to move shipments despite ongoing restrictions, highlighting the priority placed on maintaining energy flows.
These developments come as oil markets face increasing strain from regional tensions, underscoring the fragility of global supply chains. While the temporary U.S. waiver may offer short-term relief, uncertainty continues to weigh on the broader energy outlook.
Abdul
