An agreement to restart the JCPOA nuclear deal with Iran may reopen the potential for the renewed Iranian oil sales. Buyers in India and Europe have already reportedly started preparations. Iran’s plans to export from the Jask terminal on the Gulf of Oman coast will also make it one of the few regional producers to be hedged against conflict in the Straits of Hormuz. Indian importers largely ended their purchases of Iranian crude in May 2019, with Iranian oil accounting for a peak of 18.8% of imports in the three months to July 31, 2018. Instead most switched to U.S. oil which accounted ...