It may be second time lucky for India and Iranian oil. If it docks as expected, possibly today, it will mark the first time in seven years that Iranian oil has landed on Indian shores. Another tanker, the Ping Shun, had been due to deliver Iranian crude to Vadinar a few days ago but steered away at the last minute and headed for China. Analysts note that while Iranian crude floating at sea is near record highs, well above 180 million barrels, relatively few cargoes are making their way to India. But Reliance is reportedly still weighing whether to actually process the Iranian crude, wary of falling foul of international sanctions or Indian regulations.

Source: The Telegraph April 11, 2026 04:04 UTC