India has purchased crude oil from Iran for the first time in seven years, as supply disruptions in the Middle East threaten global energy markets.
The deal comes amid the ongoing conflict involving the U.S. and Israel, which has disrupted shipments through the Strait of Hormuz.
According to India’s Ministry of Petroleum and Natural Gas, refiners have secured Iranian crude without any payment issues, easing fears over energy shortages.
“Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran. India imports crude oil from 40-plus countries, with companies having full flexibility to source oil from different sources and geographies based on commercial considerations,” the ministry said in a statement on X.
India had not received oil from Tehran since May 2019, following U.S. pressure on buyers to avoid Iranian crude. However, the recent war has forced Washington to temporarily lift sanctions on Iranian oil and refined products to ease global shortages.
The shipment is part of a broader effort to ensure India’s energy needs are met over the coming months. The ministry confirmed there were no obstacles in payment, dismissing rumours to the contrary.
India has also imported 44,000 metric tonnes of Iranian liquefied petroleum gas (LPG) on a sanctioned vessel, which arrived at the western port of Mangalore this week.
The country has faced significant domestic challenges due to the global energy crunch. Delays in LPG supply have led to hoarding and illegal sales, with some cylinders being sold at almost double the usual price.
Authorities have acted swiftly, conducting more than 12,000 raids and seizing over 15,000 cylinders to curb profiteering.
The government has urged consumers to avoid panic buying, make use of digital booking platforms, and consider alternative energy options such as piped natural gas or electric and induction cooktops.
Officials also emphasised energy conservation to help manage demand during this turbulent period.
With the Iranian crude now arriving, India says it is confident that its energy supply for the coming months is fully secured, a move that could offer some relief to consumers and industries alike.
Venezuelan opposition leader María Corina Machado has returned to the South American nation almost a year after she secretly left the countr...
Uzbekistan summoned Iran’s ambassador following claims by several Iranian diplomatic missions that the historical and architectural heri...
Kazakhstan marks Republic Day on 25 October with an ambitious economic agenda and a growing partnership with Azerbaijan, as the two Caspian neighbo...
Around 11,000 people joined a demonstration in Orléans on Saturday against the National Rally congress, according to the local prefecture.
Typhoon Champi swept past Taiwan on Saturday, leaving one person dead and more than 500 injured as strong winds and torrential rain brought down trees, cut power and disrupted transport across the island.
French President Emmanuel Macron on Friday described a deadly shooting in the towns of Trappes and La Verrière, west of Paris, as a racist attack and ‘a turning point’ for the country.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
German police have detained a suspect after a major fire broke out at the historic Kehlsteinhaus, known as the “Eagle’s Nest”, a mountain retreat once used by senior Nazi officials, including Adolf Hitler.
Thousands of Israelis rallied in Tel Aviv on Saturday demanding an independent commission of inquiry into the failures surrounding the 7 October 2023 Hamas-led attack, three days before a national election.
Saudi Arabia religious leaders have condemned attacks targeting holy sites and civilians after authorities reported intercepting two ballistic missiles launched towards the Mecca and Medina regions, while Yemen’s Houthi movement denied targeting the two cities.
Uzbekistan summoned Iran’s ambassador following claims by several Iranian diplomatic missions that the historical and architectural heritage of Samarkand belongs to Persian or Iranian-Islamic civilisation, Tashkent's Foreign Ministry said.
Israeli forces have maintained a tight closure on Hebron in the occupied West Bank for a second day, with Palestinian media reporting home raids, mass detentions and dozens of residents forced outside following a shooting incident the day before.
Foreign ministers meeting in Istanbul on Friday warned that renewed military strikes on Iran could deepen the regional conflict, urging diplomatic efforts to prevent further escalation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment