Japan resumes loading of Iranian crude oil
Japan's largest refiner JXTG Nippon Oil & Energy is resuming loading of Iranian crude oil, almost three months after the US sanctions waiver was granted.
Iran Press/Asia: A JXTG Nippon Oil & Energy spokesman confirmed Monday that it is resuming its Iranian crude oil loading in February.
But the spokesman declined to comment on the specific scheduled loading by the Eneos Breeze, Reuters reported.
Tokyo also bought about 300,000 barrels of oil a day from Iran in 2011, after which its purchases decreased.
On May 2018, the US President Donald Trump withdrew from 2015 multilateral nuclear agreement, Joint Comprehensive Plan of Action (JCPOA), and re-imposed the sanctions that had been lifted under the accord.
Washington reinstated a series of unilateral sanctions against Iran in early August and re-impose a second batch in November which as Trump said the goal was bring Iranian oil export to zero.
According to experts the US can't completely remove Iran oil exports from the market because the loss of Iran supply would result in a politically unpalatable increase in oil prices. 105