Iran has reportedly begun discussions with Japanese companies over potential crude oil sales, marking a possible revival of energy trade between the two countries after years of sanctions-related suspension, according to Reuters citing Iranian and Western sources.
The talks come as buyers seek longer-term exemptions from US sanctions and assurances over safe shipping routes through the Gulf, particularly the Strait of Hormuz, a key global energy corridor. The current waiver, part of ongoing Iran–US peace discussions, is set to expire on August 21.
Two Iranian sources said three Japanese companies are considering importing Iranian crude for the first time since 2019, although officials in Tokyo and Washington have not confirmed the developments.
A senior official at Japan’s Ministry of Economy, Trade and Industry said he was unaware of any such arrangements, noting that any purchases would ultimately depend on private-sector decisions and shipping feasibility, reports Al-Jarida daily.
Iranian officials indicated that shipments could be sourced from Kharg Island and would require US approval given long transit times and sanctions constraints.
They also emphasized that security concerns in the Strait of Hormuz, including risks to tanker navigation and insurance coverage, remain a major obstacle.
While China remains Iran’s dominant oil buyer under current sanctions, analysts suggest that uncertainty over policy waivers and maritime security continues to limit broader Asian participation in Iranian crude markets.
