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India makes first Iranian oil purchase
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Kerosene oil.
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 US pressure not to buy Iranian crude, but supply disruptions from the US-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. Last month, the United States temporarily removed sanctions on Iranian oil and refined products to ease supply shortages.
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