India to Receive 1st Iranian Oil Cargo In 7 Yrs Amid US Sanctions Relief: Report

New Delhi: India is set to receive its first oil from Iran in seven years, ship tracking data from LSEG and Kpler showed on Wednesday, as reported by Reuters. Notably, the oil will reach India this week. The development came after the US temporarily removed ‌sanctions on Iranian oil and refined products. The move was aimed at easing supply shortages amid the blockade in the Strait of Hormuz by Iran’s Islamic Revolutionary Guard Corps (IRGC). The cargo was reportedly purchased by state-run Indian Oil Corp. The cargo on the Curacao-flagged crude carrier Jaya is heading to India's east coast, reported Reuters, citing the data. However, Indian Oil has not yet released any official statement in this regard. Notably, the vessel first went to South

East Asian waters for discharge in China.As per the report, LSEG data revealed that another carrier, Jordan, is showing India as its discharge location.Also Read: Strait of Hormuz, 10-Point Peace Plan, And More: Key Takeaways From Trump's US-Israel-Iran Ceasefire Last week, a US-sanctioned tanker carrying Iranian crude oil changed course and headed to China instead of India. The tanker, Ping Shun, an Aframax vessel built in 2002 that was sanctioned by the US in 2025, had earlier signalled it was bound for Vadinar port on India’s west coast. However, it reportedly took a sharp turn towards China.

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India stopped buying oil from Iran in May 2019 after the US reimposed sanctions and withdrew waivers. New Delhi was then started getting its energy requirement meet from Saudi Arabia, Qatar, Oman and other sources. India is reportedly the world's third-biggest oil importer and consumer.(More to follow....)