Iranian oil is offered to India at premium to Brent, sources say

Source: Reuters (via feed)




Traders have offered Iranian oil to Indian refiners at a premium to ICE Brent prices. This offer followed Washington’s temporary removal of sanctions. The sanction removal is aimed at easing the energy crisis related to the U.S.-Israeli war on Iran. Three industry sources provided this information. The details about volumes or agreements were not disclosed.

BizTrendWire Insight:

The temporary sanction removal coincides with offers of Iranian oil at a premium to ICE Brent. Industry sources reported these developments.


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