Two sanctioned supertankers laden with Iranian crude have dropped anchor off Indian ports, marking what could be the first such cargoes to arrive in the country in nearly seven years, just as the US escalates efforts to curb Tehran’s exports.
India hasn’t received Iranian oil since 2019, because of US sanctions. A waiver last month, however, allowed purchases of crude already on the water, a bid to ease the impact of the war in the Middle East on global supply. The world’s third-largest crude importer has since said it would buy cargoes from Iran, among other countries, to navigate the ...
