Unsated by Crude Glut, Asian Oil Buyers Size Up Iran’s Barrels

Asian oil buyers, already sucking in barrels from as far away as Alaska and Mexico, are anticipating more bargains when Iran finally returns to world markets.

In a region that’ll account for more than half the growth in global oil demand this year, refiners are poised to be the winners as the Persian Gulf state raises overseas sales when Western sanctions are lifted. Iran’s oil minister has said he will woo Asian customers and seize market share.