#iranian-oil
Mint Explainer | What the US sanctions waiver on Iranian oil sales means for India and the global energy market
The US has waived sanctions on Iranian oil sales for 60 days, potentially boosting global oil supplies and lowering prices amidst increased demand. Indian refiners are expected to cautiously resume imports, considering trade feasibility and payment mechanisms.
Asian refiners see little room for Iranian oil, leaving China as key buyer after US waiver
Hit by supply disruptions due to the blockade of the Strait of Hormuz since March, Asian refiners have been aggressively buying oil from the US, Russia, Africa and Latin America
For India, the Return of Iranian Oil Cannot Come Soon Enough
The Mangalore Refinery in India. As recently as 2009, Iranian oil accounted for 14 percent of India’s crude imports, making Iran its second-largest supplier.
First India-Bound LPG Tanker Clears Hormuz Since U.S. Blockade Began
A tanker carrying liquefied petroleum gas (LPG) passed through the Strait of Hormuz this weekend en route to India in the first crossing of an India-linked LPG cargo since the U.S. launched a blockade outside the Strait to prevent Iranian oil exports. The MT …