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Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month.

A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday.

The United States will grant no more waivers for Iranian oil after the re-imposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday.

India has begun paying Iran for oil in rupees, a senior bank official said, the first such payments since the United States imposed new sanctions against Tehran in November.

Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, trading and shipping sources said.

Indian government has allowed an Iranian bank to open a branch in India,Shipping, Road transport and Highways Minister Nitin Gadkari said after a meeting with Iran's Foreign Minister Mohammad Javad Zarif.

Abdolnaser Hemmati, Central Bank of Iran's Governor, reported that 4 zeros will be removed from the national currency.

Iranian member of the Expediency Discernment Council reported that the amendment bill to Anti Money Laundering (AML) has been approved by this council.

Iran will invest about 15 billion rupees to expand a refinery run by Chennai Petroleum Corp. in south India, the company’s managing director said, amid U.S. sanctions on the Persian Gulf nation that have severely hit its oil exports.

Indian finance ministry has exempted rupee payments made to the National Iranian Oil Co. for crude oil imports from a steep withholding tax.