India prepares to resume Iranian oil purchases amid US sanctions waiver
after close1 source ↓written by the desknot a recommendation
- on sanctions
- 30-day waiver
Indian refiners are poised to resume purchases of Iranian crude as the U.S. temporarily waives sanctions amid the ongoing U.S.-Israel conflict. Traders report that Indian companies await government guidance on payment mechanisms before proceeding. This move comes as refiners seek to secure supplies amid a tightening energy market in Asia.
• Indian refiners have smaller crude stockpiles compared to peers.
• The U.S. announced a 30-day waiver on sanctions to alleviate energy shortages.
• Other Asian refiners are also considering Iranian oil imports.
Not investment advice. For informational purposes only.