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Iran sanctions snapback adds scrutiny but changes little for now

  • Sanctions reimposed on Iran 10 years after landmark nuclear deal
  • Tanker market remains unconvinced UN sanctions offer any material difference to existing US pressure
  • China demand may see more Iranian oil head to floating storage, but not because of sanctions

The so-called ‘snapback’ to UN sanctions against Iran are unlikely to deter China's Iranian oil purchases, but added scrutiny beyond the US may well yet require further adaptations from Tehran

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