India has resumed oil and gas imports from Iran after seven years, in a bid to rebalance its ties with Tehran and secure supplies through the Strait of Hormuz.

The world's third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019.

Indian exporters urge the government to revive oil-rice barter trade with Iran as U.S. sanctions deadlines approach.

India has resumed oil and gas imports from Iran after seven years, in a bid to rebalance its ties with Tehran and secure supplies through the Strait of Hormuz.

India's currency, stocks and growth projections take a beating as the country faces a triple energy shock due to Iran war.