Asian Buying Of Iranian Oil Down Year On Year

East Asian imports of Iranian oil in the first eight months of 2015 were down year-on-year, as Iran’s four biggest buyers all resisted the temptation to boost intakes to take advantage of the improved diplomatic atmosphere created by the nuclear talks between Iran and the international community. 

Iran’s key energy and banking sectors have been under harsh US, EU and UN sanctions for the best part of the last decade over...