BENGALURU (April 4): Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. "Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports," the oil ministry said on X. Last month, the US temporarily removed sanctions on Iranian oil and refined products to ease supply shortages. India has secured its full requirements of crude oil for the coming months, the ministry added. "India imports crude oil from 40-plus countries, with companies having full flexibility to source oil from different sources and geographies based on commercial considerations."

Source: The Edge Markets April 04, 2026 09:22 UTC