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Japanese Refiners Halt Iran Oil Imports as Waiver Nears End

Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of the end of a temporary waiver on U.S. sanctions, according to industry sources and data on Refinitiv Eikon. The waiver, which allowed Japan to buy some Iranian oil for another 180 days, expires in early May. However, Japanese refiners want to ensure enough time for all cargoes already loaded to arrive in Japan and for payments to be completed. “We think it...

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