søndag 5. april 2026

India makes first Iranian oil purchase in seven years with no payment problems

Indian refiners have purchased Iranian oil amid the Middle ​East conflict that has disrupted supplies through ‌the Strait of Hormuz, the oil ministry said on Saturday.

The world’s third-biggest oil importer and consumer, India has not ​received a cargo from Tehran since May ​2019, following U.S. pressure not to buy Iranian ⁠crude, but supply disruptions from the U.S.-Israel war have ​hit the South Asian nation hard. “Amid Middle East ​supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for ​Iranian crude imports,” the oil ministry said on ​X.