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The Economic Times

Economy / The Economic Times

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Middlemen offer Iranian oil to Indian refiners after US waiver, traders say

Middlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions waiver. However, refiners have limited room for fresh purchases due to existing supply commitments, while payment and banking uncertainties continue to delay commercial negotiations despite renewed interest.

26 Jun 2026 4:49 pm