The U.S. government took the oil market by surprise with its announcement on April 22 that it will not renew the six-month sanction waivers granted to buyers of Iranian crude, after they expire on May 2.
The move directly affects China, India, Japan, South Korea and Turkey. Three other countries that were granted exemptions from US sanctions against Iran’s oil and shipping sectors from November 5 last year — Taiwan, Italy and Greece — did not use them at all.
Vanda Insights is a Singapore-based provider of macro-analysis on the global oil markets offering publications, bespoke research reports and corporate briefings. Its mission is to apply expert analysis to all the critical news, data, sentiment and trends in the oil markets and provide you actionable intelligence in the most concise, logical and straightforward manner. We spend time studying and explaining the markets so that you can act and profit from the right business decisions.
Vandana Hari has 22 years of experience providing intelligence on the energy commodities markets. Before launching Vanda Insights in 2016, she was Asia Editorial Director with S&P Global Platts, a leading provider of energy and metals commodities news, pricing and analytical services to the global markets. She has experience covering and managing crude and refined product price assessments, news, analysis and research. Her expert opinions are featured in the international as well as Asian print media and she is a regular commentator on TV and radio channels including Bloomberg, CNBC, BBC, Singapore's Channel News Asia, as well as BTVi, CNBC TV18 and ETNow in India.
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