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
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
