Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.

Ample contracted crude supplies and minimal expected price discounts for Iranian crude have Indian buyers skeptical that the US' waiver will unleash a flood of buying.

Iran targets China and India for crude exports under a 60-day US sanctions waiver, sending oil prices down 2.7% with ripple effects across crypto and risk

Asian refiners are hesitant to buy Iranian oil, leaving China as the primary buyer amid U.S. sanctions relief.