23 Mar 2026 | 5 Mins Read
Iran oil purchases uncertain due to payment and logistics issues
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India may resume buying Iranian oil based on techno-commercial feasibility. Historically, Iran supplied 11.5% of India's total oil imports. 140 million barrels of Iranian oil are on vessels at sea, awaiting payment and India's Joint Secretary in the Ministry of Petroleum and Natural Gas said a decision will be made based on the techno-commercial feasibility.