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
