India's first purchase of Iranian oil in seven years

ZkProver · 2026-04-04T09:32:47+00:00

The Indian Ministry of Petroleum recently announced that due to the Middle East conflict affecting supply through the Strait of Hormuz, Indian refineries have begun purchasing Iranian crude oil. This is the first time since 2019 that procurement has resumed, after being halted under U.S. pressure. India is ensuring its crude oil needs for the coming months while flexibly sourcing from multiple countries.

ZkProver

2026-04-04 09:32:47

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ChainCatcher message: On Saturday, the Indian Ministry of Petroleum said that as conflict in the Middle East disrupts supplies through the Strait of Hormuz, Indian refineries have procured Iranian crude oil. As the world’s third-largest oil importer and consumer, India has not received any crude oil cargoes from Tehran since May 2019. Previously, under pressure from the United States, India stopped buying Iranian crude oil, but the supply disruptions triggered by the U.S.-led war have dealt a severe blow to India.

Last month, the U.S. temporarily lifted sanctions on Iranian oil and petroleum products to ease supply shortages. The Indian Ministry of Petroleum said on the social platform X: “Against the backdrop of disruptions to Middle East supply, Indian refineries have secured their crude oil needs, including supplies from Iran; and there are no payment obstacles to importing Iranian crude oil.”

The ministry added that India has secured all of its crude oil requirements for the coming months. “India imports crude oil from more than 40 countries, and companies can flexibly procure crude oil from different sources and regions based on commercial considerations.” India also purchased 44,000 tons of Iranian liquefied petroleum gas. The shipment was carried by a sanctioned vessel. The ministry said the vessel docked at a western port in Mangalore on Wednesday and is currently unloading fuel.

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