Indian refiners face limited opportunities to purchase Iranian crude due to payment issues and temporary sanction relief challenges.

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to…

The waiver authorizes the production, and delivery and sale of Iranian oil for two months.

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

Indian refiners face limited opportunities to purchase Iranian crude due to payment issues and temporary sanction relief challenges.