India could be one of the biggest beneficiaries of a tentative US rethink on Iranian oil, as Washington weighs options to ease pressure on strained global energy markets.
US Treasury Secretary Scott Bessent said in an interview with Fox that the administration was considering easing restrictions on Iranian oil already at sea.
Such a move could release tens of millions of barrels into global markets to offset war-driven disruptions to shipping and production.
For India, which imports 90% of its oil and has a track record of snapping up discounted supplies, even a limited opening could offer both relief and opportunity, experts say.
Bessent floated the idea as a way to ease tightening global supply amid war-driven disruptions to shipping and production. If pursued, it would mark a striking and uncertain reversal of long-standing US policy.
