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Asia treads cautiously on Iranian oil exports despite US sanctions waiver

Asian economies are expected to exercise caution in buying oil from Iran following a 60-day sanctions waiver for the Gulf country’s oil exports that took effect from Sunday, as they weigh compliance, financial risk and a potential return of hostilities between Washington and Tehran. Global markets have been looking for signs of progress that the United States and Iran could reach a lasting peace agreement despite concerns over the sustainability of a 60-day ceasefire that began earlier this...
Asia treads cautiously on Iranian oil exports despite US sanctions waiver
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South China Morning Post

2h ago
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