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India makes its first purchase of Iranian crude oil and LPG in seven years

India makes its first purchase of Iranian crude oil and LPG in seven years

AIcoinAIcoin2026/04/04 09:16
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On April 4, the Indian Ministry of Petroleum stated that Indian refineries have purchased Iranian crude oil amid disruptions in Middle Eastern supplies. This marks India's first purchase of Iranian oil since May 2019. Last month, the United States temporarily lifted sanctions on Iranian crude oil and petroleum products, easing supply shortages. India has also bought 44,000 tons of Iranian liquefied petroleum gas, with the shipment transported by a sanctioned vessel, and is currently unloading the fuel at the western port of Mangalore.
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