Oil

The United States reimposed sanctions on exports of Iranian oil last November.

The US decision on Monday more than failing to snuff out Iran’s oil exports will disrupt markets and complicate Washington’s relations with Beijing and even its own partners. industry analysts say.

Condensate accounts for a majority of the crude oil from Iran.

South Korea is a major buyer of Iranian condensate.

Japan says it relies on crude imports from Iran and seeks to hold talks with the United States about the matter to keep its energy supply steady. amid ongoing attempts by Washington to curtail Iran’s oil sales.

The United States is to announce that all importers of Iranian oil will have to end their imports shortly or face US sanctions. a report says.

China has slammed US plans to tell it and other countries to stop buying Iranian oil or face sanctions. saying Beijing'.s cooperation with Tehran is in accordance with law.

Analysts criticized the end to the exemptions. which would hit Asian buyers the hardest.

Aramco'.s recent bond sale success proves that the age of oil won'.t end soon.

In March. Russia continued to gradually reduce oil production.