Iran, India complete each other: Iranian Deputy Foreign Minister

Nov 24, 2022

India-Iran commercial ties were traditionally dominated by the Indian import of Iranian crude oil. In 2018-19 India imported USD 12.11 billion worth of crude...

Reliance Industries denies reports of buying Iranian crude

Mar 26, 2026

Reliance Industries Limited on Thursday rejected reports in a section of the media claiming that it had purchased crude oil of Iranian origin, calling...

US Treasury eases oil sanctions on Iran till April 19; temporarily permits sale of Iranian crude and refined products into US

Mar 21, 2026

Amid the heightened geopolitical tensions and concerns over disruptions to energy flows through the Strait of Hormuz, the United States on Friday (local time)...

Petroleum Ministry refutes crude cargo diversion to China due to 'payment issues'

Apr 04, 2026

The Petroleum Ministry on Saturday refuted the reports alleging that an Iranian crude cargo heading to India was diverted to China due to 'payment...

US slaps sanctions on Chinese refinery for buying Iranian crude oil worth over USD 1 bn

Apr 16, 2025

The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co., Ltd, a Chinese refinery, for buying over USD 1 billion worth of Iranian...

Brent Crude slides below USD 99/bbl on US-Iran deal hopes

May 25, 2026

Global crude oil prices tumbled sharply as Brent Crude prices slashed amid a potential US-Iran peace deal framework. At the time of filing, Brent...