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India Dismisses Reports of Oil Payment Issues with Iran Amid Resumed Purchases

India, the world's third-biggest oil importer, has dismissed reports of payment issues with Iran, stating that changes in vessel destinations are common in global oil trade, following its first purchase of Iranian oil in seven years.

4 Apr, 09:09 — 5 Apr, 07:03
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Sources

Showing 6 of 10 sources
DWHigh8h ago

India news: New Delhi turns back to Iranian crude after seven years

India has not received crude oil from Tehran since 2019, following US pressure not to buy Iranian ⁠crude. DW has the latest.

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SCMPMostly Factual10h ago

India turns to ‘trusted friend’ Russia for oil, LNG supply as Iran war energises ties

As Russia comes to India’s aid amid the global energy crisis, a familiar mantra has resurfaced among officials and political analysts – that Moscow is New Delhi’s “all weather-friend”. Such a stance is anchored by deep strategic interests, with both countries viewing each other as vital to their balancing between China and an increasingly erratic United States, according to observers. On Friday, Russian First Deputy Prime Minister Denis Manturov said Moscow was well-positioned to ramp up ener...

By Junaid Kathju

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YahooMostly Factual1d ago

India makes first Iranian oil buy in seven years with no payment problems

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Times of IndiaMostly Factual11h ago

India makes first oil purchase from Iran in 7 years with no payment hurdle

Amid Middle East supply disruptions, Indian refiners have resumed Iranian crude oil purchases after a seven-year hiatus, securing their energy needs. The government confirmed no payment hurdles exist for these imports, assuring India's crude oil requirements for the coming months are fully met. This strategic shift diversifies sourcing amidst global supply chain challenges.

By TOI BUSINESS DESK

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hindustan-timesMostly Factual10h ago

Why India-bound Iran oil shipment rerouted mid-voyage to China? Centre explains

The petroleum ministry explained that such mid-voyage changes are not unusual in the oil trade. Cargo destinations, it said, are often indicative.

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ndtvMostly Factual10h ago

Chinese Firms Use AI To Track US Military Moves In Iran War: Report

Washington, April 5 (IANS) Chinese firms are using artificial intelligence and open-source data to track US military movements during the Iran war, raising fresh concerns in Washington about emerging battlefield surveillance risks, a media report sai

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