Brief by Shorts91 Newsdesk / 08:10am on 21 Mar 2026,Saturday India Global
India may resume buying Iranian crude after a US waiver allowed sales of oil stuck at sea. The move comes as prices stay above $100 amid the Iran conflict. Indian refiners, already lifting Russian oil under a similar waiver, are exploring Iranian supplies. However, Iran has said it has “no floating crude or surplus available” for export, raising doubts. The government is seeking clarity from Washington on payment rules. Iran has also slowed tanker movement through the Strait of Hormuz. India, which imports most of its oil, sees Iranian crude as a good fit for its refineries. (PC: India Today)
