Japan, South Korea, India, and China are all buying Iranian crude once again, but at much lower rates than they did before November when U.S. sanctions kicked in, S&P Global Platts calculations reveal. All four countries, along with another four, were granted sanction waivers for a period of 180 days, with China and India only lowering their intake of Iranian crude, while Japan and South Korea suspended Iranian oil imports ahead of the sanctions. According to the S&P Global Platts calculations, the rate at which India, Japan, and South…
