Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions

Indian refiners plan to resume buying Iranian oil. This follows Washington’s temporary removal of sanctions on Iranian crude. Traders said refiners elsewhere in Asia are examining similar moves. The waiver comes amid efforts to address an energy crunch. It is a temporary measure by the US government. Refiners are responding to the waiver by reviewing supply options. The exact volumes of Iranian oil to be purchased have not been disclosed.