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How U.S. sanctions relief on Iran could benefit India?
The United States has temporarily eased sanctions on Iran's oil sector as part of a broader peace agreement between Washington and Tehran. The 60-day waiver allows exports of Iranian crude oil and related services, triggering a fall in global oil prices. The move could benefit India, which has historically imported Iranian crude due to its competitive pricing, longer credit periods and lower freight costs. Analysts say increased global supply could ease pressure on energy prices and offer India an additional source of affordable oil. #IranOil #India #OilPrices
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