Iran offers oil to India at premium to Brent
pre-market1 source ↓written by the desknot a recommendation
Traders have offered Iranian oil to Indian refiners at a premium to ICE Brent following the temporary lifting of U.S. sanctions. This comes as India faces energy supply disruptions due to the ongoing U.S.-Israeli conflict impacting shipments through the Strait of Hormuz. Indian refiners are under pressure to maximize oil purchases from Iran, which is geographically advantageous. ⚡
Not investment advice. For informational purposes only.