Sellers jockey to fill India’s Iran void

Iranian deliveries have dropped significantly despite exemption, but it is not as simple as Saudi Arabia stepping in

Iran's crude deliveries to India have dropped substantially in the last four months, according to data from oil market analytics consultancy OilX. But it is a more opaque picture than Saudi Arabia simply picking up all the slack. India was one of the eight countries that received an exemption from the US Trump administration in early November from having to reduce its imports of Iranian crude to zero. The waiver lasts for an initial six months. India's oil minister Dharmendra Pradhan said that the US decision to let India keep buying oil from Iran was a reassertion that interests of consuming nations cannot be ignored, while Trump said the US "will take care of" the eight countries granted e