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Iranian oil is offered to India at premium to Brent, sources say...
24 Mar, 2026 12:32 209 min read
Traders have offered Iranian oil to Indian refiners at a premium after the U.S. lifted sanctions temporarily amid an energy crisis due to the U.S.-Israeli war on Iran. India hasn't imported Iranian crude since May 2019. Current offers are at $6-$8 above ICE Brent. Refiners want assured payment mechanisms, as Iran is disconnected from SWIFT.... More