Asia ready to buy more Iranian oil when sanctions lifted

New Delhi

ASIAN refiners are set to buy more crude oil from Iran once they receive word on when sanctions will be lifted, expecting Teheran to price its oil competitively as it tries to rebuild market share in an oversupplied market.

World powers and Iran finally struck a deal on Tuesday after more than 20 months of talks, setting in motion the eventual lifting of sanctions on Iranian oil exports in exchange for curbs on the Islamic nation's nuclear programme.

Iran has said its priority destination…