Indian refiners purchase Iranian oil, pay in yuan

[ad_1] New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chinese yuan, people aware of the development said on Friday. Iran insists on payment in Chinese yuan for oil to bypass US-led financial sanctions that restrict its access to the dollar-dominated global […]

What led an India-bound Iranian crude tanker to reroute to China | India News

[ad_1] NEW DELHI: A US-sanctioned tanker carrying Iranian crude oil rerouted mid-voyage from India to China, with payment-related issues appearing to be the main reason behind the change in declared destination.The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, had earlier indicated Vadinar in Gujarat as its destination. If […]