Big oil relief soon? What Trump’s possible ‘unsanctioning’ of Iran crude means for India

Mar 20, 2026 - 00:00
Big oil relief soon? What Trump’s possible ‘unsanctioning’ of Iran crude means for India

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India has not been buying crude oil from Iran since mid-2019 after the US ended waiver for sanctions on Iran crude. Around 35-40% of India’s crude oil needs are met through cargoes that make their way towards Asia through the Strait of Hormuz.

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