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What does the end of the Iran sanction waivers mean to Asian crude and condensate buyers?

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Listen: What does the end of the Iran sanction waivers mean to Asian crude and condensate buyers?

The US announced the end of all waivers from Iran oil sanctions when they expire on May 2. Ada Taib, Eesha Muneeb and Andrew Toh, S&P Global Platts editors in Asia, examine what this announcement means to crude oil buyers in the region, with China, India, and South Korea being among the biggest buyers of Iranian supply.

Related articles:
US pledges to work with Asian oil buyers on transition from Iranian crude
Analysis: Asian crude buyers fear tighter supplies as Iran waivers vanish
China refiners await government orders on Iranian crude but pushback likely: analysts
South Korea to make last ditch effort to convince Washington to extend Iran waiver
India to feel pressure from Iran oil waiver decision, but has options
Japan sees no need for SPR release after US decision to end Iran sanctions waiver: METI