By INU Staff
INU - On Monday, the Wall Street Journal published a report on the increase of Iranian oil exports to Asia. It indicated that as of August, Indian imports of Iranian crude had increased by three times over the same period last year. Meanwhile, as Iran’s largest Asian buyer, China increased its exports by 50 percent compared to the prior year. The report specifies that these trends have been driven not only by the new economic environment created by sanctions relief under the Joint Comprehensive Plan of Action, but also by the high rates of economic growth in certain Asian markets, as well as the ease with which Asian oil industries can refine the familiar and geographically close Iranian crude.