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Sources from Reuters emphasize that potential buyers are seeking a longer exemption from US sanctions and guarantees of safe shipping conditions in the Persian Gulf.
Recall that in June, the US allowed the sale of Iranian oil, easing sanctions that had been in place for decades, aiming to reach a final peace agreement with Tehran in exchange for commitments on nuclear inspections and freedom of navigation through the Strait of Hormuz.
The current US Treasury Department authorization for sanctions relief allows the sale of crude oil, petrochemical products, and petroleum products of Iranian origin until August 21.
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What happened before
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US imposed sanctions on Iran
US eased sanctions, allowing Iranian oil sales
Iran began negotiations on oil supplies to Japan
US Treasury authorization for sanctions relief in effect