Iran Has Millions of Barrels to Sell. But Doing So Could Be Much Harder Than Expected

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal with the U.S., Tehran could face not having any interested buyers. (Credit: Patrick T. Fallon/AFP via Getty Images)

Though sanctions on Iranian oil exports have been waived as part of the ceasefire deal between Tehran and Washington, Iran could face the unexpected problem of not having any interested buyers, according to a new analysis.

China has long been the primary destination for Iranian crude, but that relationship has grown noticeably weaker. Fereidun Fesharaki, chairman emeritus at FGE NexantECA, noted on CNBC's "Squawk Box Asia" that "In fact, the Chinese do not show any enthusiasm to buy much oil from anybody."