Japanese refiners are in a rush to buy as much Iranian crude as they can before the sanction waiver window granted by the U.S. Treasury Department closes in May, S&P Global Platts reports , citing unnamed sources. The sources said local refiner Cosmo Oil had ordered a cargo of 900,000 barrels of Iranian heavy crude, to be loaded early next month and this will likely be the last cargo of Iranian crude to be shipped to Japan. Japan last year suspended all purchases of Iranian crude in anticipation of the sanction waiver it received from the United States in November but has been slow to resume imports of the commodity once the waiver was secured. Japan refinery industry insiders said late last year that they were planning to resume imports of Iranian crude in early 2019, with Trade Minister Hiroshige Seki telling Reuters in November “It would be up […]