Categories: Business

US waives sanctions on Iranian crude: Here’s why Indian refiners are still hesistant to buy it

Indian refiners are unlikely to resume buying Iranian oil despite a temporary US waiver. Existing supply commitments, payment concerns, and the waiver’s short duration mean most refiners have already secured other crude sources. While opportunistic purchases at steep discounts are possible, a significant return to Iranian barrels is improbable for now, with China expected to remain the primary buyer.

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3 months ago

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