Indian refiners plan to resume purchases of Iranian oil after US lifts sanctions to ease energy crisis: Report

Here comes a piece of good news for the India oil refineries amid war in the Middle East. Indian oil refiners are now planning to resume purchases of Iranian crude oil after the US temporarily lifted sanctions to ease the energy crisis triggered by the Iran war. The Indian refiners who want buy Iranian oil are awaiting government directions and clarity from Washington on details such as payment terms. The oil refiners in India, which have small crude stockpiles than other ​big Asian oil importers, rushed to book Russian oil after the US recently lifted sanctions temporarily. In the meantime, the other Asian refiners are also making checks to see if they can ⁠purchase the oil, several people with knowledge of the matter said. https://ift.tt/KZA8lx7