Indian refiners have purchased Iranian oil amid the Middle ?East conflict that has disrupted supplies through ?the Strait of Hormuz, the Ministry of Petroleum and Natural Gas confirmed through a post on social media platform X on April 4. The oil ministry further stated that Indian refiners have secured sufficient crude volumes and acknowledged that financial transactions for Iranian oil is proceeding without any payment problems. Why India Turned to Iran The world’s third-biggest oil importer and consumer, India has not ?received a cargo from Tehran since May ?2019, following US pressure not to buy Iranian ?crude, but supply disruptions…
News Timeline:
Track the development of this news story across the Internet.