Indian refiners prepare to resume Iranian oil purchases
Indian refiners are preparing to resume purchases of Iranian crude after the U.S. lifted sanctions temporarily. This move comes amid an energy crunch due to the U.S.-Israel conflict, with Asian peers also exploring similar options.
pre-market1 source ↓written by the desknot a recommendation
Indian refiners are set to resume purchases of Iranian crude following a temporary U.S. sanctions waiver aimed at easing energy shortages due to the ongoing U.S.-Israel conflict. They await government guidance and clarity on payment mechanisms. Meanwhile, refiners across Asia are also considering tapping into Iranian supplies as they navigate the changing landscape of crude sourcing. ⚡
Not investment advice. For informational purposes only.