SENSEX
NIFTY
GOLD
USD/INR

Weather

image 36    C

Top News News

The Economic Times

Top News / The Economic Times

details

Iran's unsold oil piles up at sea as buyers stay wary

Iran is struggling to sell its growing oil stockpile at sea as a US deadline looms, potentially costing Tehran vital revenue and weakening its negotiating position. Weak demand from China, its primary buyer, and lingering sanctions concerns are major hurdles. While some oil has been discharged in China, India remains cautious, awaiting payment clarity and a full sanctions lift. Attractive pricing could still revive Asian interest.

2 Jul 2026 10:00 am