India was a major buyer of Iranian crude, peaking at about 11.5% of its total purchase, before 2018 sanctions tightened.

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

U.S. may lift sanctions on Iranian oil in tankers to boost global supplies and lower prices, says Treasury Secretary Bessent.

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question

India was a major buyer of Iranian crude, peaking at about 11.5% of its total purchase, before 2018 sanctions tightened.