Overview
- India’s oil ministry said Saturday that refiners had bought crude from Iran for the first time since 2019 and reported no payment hurdles.
- Washington granted a 30‑day waiver in March for delivery of Iranian cargoes already at sea, a time‑limited step that is due to lapse in mid‑April.
- Ship‑tracker Kpler reported the Aframax Ping Shun turned from India toward China, a move the ministry described as routine trade optimization rather than a payment dispute.
- An Iranian liquefied petroleum gas cargo of about 44,000 tonnes arrived at Mangalore this week on a sanctioned vessel and is being unloaded, according to the ministry.
- India says its crude needs are covered for the coming months and notes it buys from more than 40 countries after halting Iranian supplies in 2019 under U.S. sanctions.