India resumes Iranian oil imports after 7-year gap amid US sanctions relief

For the first time in seven years, India has imported crude oil from Iran. The move follows a temporary easing of US sanctions, reportedly aimed at mitigating supply disruptions linked to the ongoing instability in the Middle East. Vessel-tracking data confirms the delivery, marking a significant shift in India's energy procurement strategies. This development places India in a unique position, as it diversifies its oil imports amidst intense competition with discounted supplies from Russia. Wit