India Resumes Iranian Oil Imports Amid Middle East Supply Disruptions
India has resumed purchasing oil from Iran for the first time in seven years, following supply disruptions caused by the U.S.-Israel conflict. The Indian oil ministry announced that refiners have secured their crude oil requirements, including Iranian oil, without facing payment issues. This development comes after the U.S. temporarily lifted sanctions on Iranian oil to alleviate global supply shortages. India, the world's third-largest oil importer, had ceased Iranian oil imports in 2019 due to U.S. sanctions. The recent purchase includes 44,000 metric tons of Iranian liquefied petroleum gas, which arrived at the port of Mangalore.