India is set to receive its first consignment of Iranian crude oil since the US reimposed sanctions in 2019, forcing New Delhi to halt purchases from Tehran. ADVERTISEMENT“The Indo-Iranian oil trade has flickered back to life,” says Sumit Ritolia, senior analyst at Kpler, a data and analytics firm that tracks shipping. India is expected to be a key buyer under this window, alongside China, which has continued purchasing Iranian oil despite sanctions. The country consumes 5.6 million barrels of oil a day, making it the world’s third-largest consumer after the US and China. The imminent arrival of Iranian crude has fanned cautious hopes more shipments could follow.

Source: The Telegraph April 01, 2026 13:32 UTC