According to Guru Club, on June 23, the U.S. Department of the Treasury granted a comprehensive 60-day waiver from sanctions on Iranian crude oil and petrochemical products. Iranian exporters and representatives from state-owned oil companies immediately began approaching refiners in India, Japan, and South Korea in order to dispose of stranded inventories within the policy window. According to Bloomberg and analysis firm Vortexa, as of June 22, around 68 million barrels of Iranian crude oil and condensate were floating offshore, with at least 80% lacking designated unloading ports, theoretically available for sale. However, due to ample global supply, ongoing sanctions by the EU and the UK, and the high uncertainty surrounding the continuity of U.S. policy under the Trump administration, Asian buyers remain cautious.