Washington’s decision to call an end to sanctions waivers for Iranian oil imports will significantly tighten the condensate supply pool, painting a bullish outlook for the global ultra-light crude complex over the longer term, though weak naphtha cracks may cap any upside in Asian condensate price differentials in the near term, market participants said Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The White House announced Monday that the US will end all waivers from Iran sanctions when they expire May 2, essentially blocking Asia’s access to abundant Iranian ultra-light crude oil. Spot differentials for European, Southeast Asian, Oceania, African and US condensate grades are expected to trend higher over […]