Why is India seeking approval to import Iranian crude oil?

India is seeking approval to import Iranian crude oil because a critical US sanctions waiver is set to expire on April 19, 2026, prompting refiners like Reliance Industries to secure alternative supplies.

What has been the trend in India's Russian oil imports recently?

India's oil imports from Russia have significantly increased, averaging 1.9 million barrels per day last month, up from 1.1 million barrels per day in February 2026.

Has India imported crude from Iran recently?

India had not imported crude from Iran since 2019, but the oil ministry has confirmed ongoing purchases of oil and liquefied petroleum gas from Iran recently.

Home / Business and Economy / India Eyes Iran Crude as US Sanctions Loom

India Eyes Iran Crude as US Sanctions Loom

11 Apr

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Summary

India seeks government approval to import Iranian crude oil.
US sanctions waiver for Iranian oil imports is set to expire.
India's oil imports from Russia surged significantly last month.

India Eyes Iran Crude as US Sanctions Loom

Indian refiners are exploring options to import Iranian crude oil as a critical US sanctions waiver is set to expire on April 19, 2026. Reliance Industries has requested government authorization to receive Iranian crude on four specific vessels, aiming to ensure compliance with US restrictions and Indian laws. This proactive step follows a significant increase in Russian oil purchases by Indian refiners after earlier US waivers were granted. Last month, India imported approximately 1.9 million barrels of Russian crude daily, a substantial rise from about 1.1 million barrels per day in February 2026.