Folks stand in a queue to refill gas at a gasoline station in Guwahati, India, on March 26, 2026.
David Talukdar | Anadolu | Getty Pictures
Indian refiners have bought Iranian oil amid the Center East battle that has disrupted provides by way of the Strait of Hormuz, the oil ministry mentioned on Saturday.
The world’s third-biggest oil importer and shopper, India has not acquired a cargo from Tehran since Might 2019, following U.S. stress to not purchase Iranian crude, however provide disruptions from the U.S.-Israel conflict have hit the South Asian nation onerous.
“Amid Center East provide disruptions, Indian refiners have secured their crude oil necessities, together with from Iran; and there’s no cost hurdle for Iranian crude imports,” the oil ministry mentioned on X.
Final month, the USA quickly eliminated sanctions on Iranian oil and refined merchandise to ease provide shortages.
India has secured its full necessities of crude oil for the approaching months, the ministry added.
“India imports crude oil from 40-plus international locations, with corporations having full flexibility to supply oil from totally different sources and geographies primarily based on industrial issues.”
India has additionally purchased 44,000 metric tons of Iranian liquefied petroleum gasoline loaded on a sanctioned vessel. The ministry mentioned the vessel, which berthed at the western port of Mangalore on Wednesday, is discharging the gas.
