IRANIAN SECURITY SOURCE SAYS IRAN INTENDS TO ESTABLISH A NEW LEGAL SYSTEM IN THE STRAIT OF HORMUZ

TRUMP: US, IRAN HAD PRELIMINARY TALKS OVER PAST FEW DAYS

China’s state-owned refiners are exploring purchases of Iranian crude after the US allowed some oil already on tankers to ease Middle East War price pressures. National Iranian Oil Co. and intermediaries have quietly gauged interest among Asian refiners. Previously, only smaller Chinese private buyers handled Tehran crude, while state-owned giants avoided US sanctions risks. The Treasury waiver expands potential buyers, but challenges remain, including financial restrictions, compliant shipping, and sanctions uncertainty. Experts say ambiguity over rules and April 19 deadlines may limit new entrants, keeping existing buyers dominant.