China and Japan adjust oil and gas plans after U.S. waiver on Iran

The U.S. granted a waiver allowing some countries to buy Iranian oil, but major buyers are not rushing in. China's Sinopec is not buying Iranian crude despite the waiver, and Chinese oil companies are rethinking their plans.

Meanwhile, Japan's Jera, an energy company, expects that a conflict involving Iran would push global buyers of liquefied natural gas (LNG) to seek supplies from the U.S. and Canada instead.