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According to industry sources and data on Refinitiv Eikon, Japanese Refineries halted imports of Iranian oil ahead of the expiry of a temporary waiver on U.S. sanctions. The waiver expires in early May, however, Japanese refineries want to ensure enough time for all cargoes to arrive to Japan and payment to be completed. As its imports of Iranian oil fell, Japan has increased imports from other Gulf states, in addition to Russia and the Americas.

Japanese Refineries Halt Oil Imports from Iran

According to industry sources and data on Refinitiv Eikon, Japanese Refineries halted imports of Iranian oil ahead of the expiry of a temporary waiver on U.S. sanctions. The waiver expires in early May, however, Japanese refineries want to ensure enough time for all cargoes to arrive to Japan and payment to be completed.

As its imports of Iranian oil fell, Japan has increased imports from other Gulf states, in addition to Russia and the Americas.

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