Iran is aggressively pursuing oil sales to key Asian importers – India, Japan, and South Korea – capitalizing on a recent, temporary waiver of US sanctions. This effort is primarily focused on reducing a substantial backlog of oil currently held in storage. While China remains a significant customer, Tehran aims to broaden its market reach within the region. Several Asian refiners are considering potential deals, but are proceeding with caution due to ongoing uncertainty regarding future US policy. The availability of alternative oil sources is also influencing their decisions, limiting immediate large-scale commitments. Negotiations extend beyond crude oil to encompass potential long-term contracts and other energy products.