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An Iran-bound crude shipment that was initially headed for India changed course mid-voyage and began moving towards China, sparking speculation that payment issues or sanctions-related hurdles may have forced the diversion. Now, the ministry of petroleum and natural gas stepped in to clarify that there are no payment problems calling such claims "factually incorrect." The reports of a possible fallout came after ship-tracking firm Kpler said that the Aframax tanker Ping Shun -- which had initia ...Read More >
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country's first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade. India's largest refiner is expected to to take delivery of the Middle Eastern volumes this week, the people said, without providing details of the vessel or the payment mechanism. The people asked not to be named due to the sensitivity of the matter. IOC di ...Read More >
NEW DELHI -- India announced Saturday it has resumed oil imports from Iran for the first time in seven years, as the ongoing Middle East conflict disrupts global energy supplies. The move marks India's first public confirmation since 2019, when it halted Iranian oil purchases after US sanctions waivers expired. "Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports," the Mini ...Read More >
New Delhi: An Indian LPG tanker has successfully crossed the Strait of Hormuz amid ongoing tensions in West Asia, while another vessel carrying Iranian LPG has reached Mangalore, according to official statements on Saturday. "LPG vessel Green Sanvi has safely transited the Strait of Hormuz, carrying 46,650 tonnes of LPG cargo with 25 seafarers on board," the government said, adding that it was the seventh Indian-flagged tanker to pass through the route since disruptions began. Separately, the ...Read More >
Guwahati, April 4: The Central government, on Saturday, sought to allay public concerns over fuel availability, urging citizens to avoid panic buying of petrol, diesel, and LPG, while asserting that supplies remain adequate despite disruptions triggered by escalating tensions in West Asia and the temporary closure of the Strait of Hormuz. In a detailed statement, the Ministry of Petroleum and Natural Gas said the government is taking proactive measures to ensure uninterrupted availability of es ...Read More >
Hyderabad: India-flagged liquefied petroleum gas (LPG) tanker, Green Sanvi, on early Saturday, April 4, successfully crossed the strategic Strait of Hormuz, providing a boost to India's energy supply chain as global shipping remains under pressure due to the ongoing West Asia conflict. The Very Large Gas Carrier (VLGC), carrying approximately 44,000-46,000 metric tonnes of LPG, is currently en route and is expected to reach Mumbai by April 6. State-run Bharat Petroleum Corporation Limited (BPCL ...Read More >
A tanker with Iranian crude oil has been flashing India's west coast as its destination, according to maritime tracking sites, in what could be the first such import in nearly seven years. The Eswatini-flagged Ping Shun's transponders and AIS (automatic identity system) have signalled it is headed for the Vadinar offshore terminal and is expected to reach the facility by April 4, according to the Kpler-owned MarineTraffic and Winward, both providers of global commodity and ship data. At an int ...Read More >
New Delhi: A US-sanctioned tanker transporting Iranian crude oil has altered course mid-journey from India to China, according to tracking data, injecting uncertainty into a shipment that could have restarted New Delhi's imports after nearly seven years. Built in 2002, the Aframax Ping Shun -- hit by US sanctions in 2025 -- now lists Dongying, China, carrying about 600,000 barrels (6 lakh) of Iranian oil. Kpler records showed Vadinar, Gujarat, as its prior aim earlier this week. Indian refiner ...Read More >
New Delhi: A US-sanctioned oil tanker carrying iranian crude oil Mid-way diversion from India to China, payment-related issues appear to be the main reason for change of declared destination.The Aframax tanker Hirsch, built in 2002 and subject to US sanctions in 2025, had previously targeted Vadinar in Gujarat. If the cargo arrives in India, it would mark the country's first purchase of Iranian crude in nearly seven years.According to ship tracking company Kpler, the ship is now signaling Dongyi ...Read More >
New Delhi: A US-sanctioned tanker carrying Iranian crude oil has altered its course mid-voyage, shifting its destination from India -- where it would have marked the first such shipment in nearly seven years -- to China. The Aframax tanker Ping Shun, built in 2002 and sanctioned by the US in 2025, is now signalling Dongying in China instead of Vadinar in Gujarat, which it had listed earlier this week, according to ship-tracking firm Kpler. There is no confirmation that the destination indicate ...Read More >
The aircraft, stationed at Mashhad International Airport, was scheduled to fly to New Delhi as part of a humanitarian aid operation. "Mahan Air aircraft was hit by the US in an airstrike at Mashhad Airport. The plane was reportedly scheduled to fly to Delhi for humanitarian aid," Iran sources said. According to reports, the aircraft was expected to arrive in New Delhi in the coming days to facilitate the transport of humanitarian supplies, including medicines. The disruption has raised fresh co ...Read More >
New Delhi, Apr 2 (PTI) Russia's First Deputy Prime Minister Denis Manturov on Thursday called on Prime Minister Narendra Modi and discussed ways to strengthen bilateral ties in areas of investment, energy and industrial cooperation. Manturov, on a two-day visit to India, also held talks with External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval. The Russian embassy said Modi and Manturov discussed "specific steps to implement agreements reached" during the India-Russi ...Read More >
New Delhi [India], April 1 (ANI): Foreign affairs expert Robinder Sachdev has weighed in on the recent US airstrike at Mashhad Airport that struck a Mahan Air aircraft, suggesting the incident was likely a case of "collateral damage" rather than a targeted strike on a humanitarian mission. While speaking to ANI, Sachdev addressed the complexities of striking infrastructure during active hostilities, noting that while airports are strategic, the distinction between military and civilian sites is ...Read More >
India is making strides to secure an extension for the US sanctions waiver concerning Iran's Chabahar Port, a pivotal gateway for its trade with Afghanistan, Central Asia, and Russia. As the current waiver approaches its expiration, neighboring countries are expressing interest in utilizing Chabahar to enhance their own trade routes. India is working to secure an extension of the US sanctions waiver for Iran's Chabahar Port - a vital link in its connectivity network with Afghanistan, Central As ...Read More >
New Delhi: In a relief for India, the Donald Trump administration has granted a six-month exemption from US sanctions on the Chabahar port in Iran. "For Chabahar port in Iran, we have been granted exemption for a six-month period on the US sanctions," the Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said on Thursday. The temporary exemption to India comes a month after sanctions on the Chabahar Port project came into effect on September 29. The sanctions on Chabahar Port we ...Read More >
New Delhi: Quad is a valuable forum for discussion of shared interests across a number of areas and any Leaders' Summit is scheduled through diplomatic consultations among the four partners, the government said on Thursday. Answering queries during the weekly media briefing about Prime Minister Narendra Modi's conversation with his Japanese counterpart Sanae Takaichi, Jaiswal and if Quad figured in the discussions, Ministry of External Affairs spokesperson Randhir Jaiswal said the two leaders di ...Read More >
New Delhi, Oct 30: The United States has granted India a six-month waiver from American sanctions on the Chabahar port project, the Ministry of External Affairs (MEA) announced on Thursday. MEA spokesperson Randhir Jaiswal confirmed that India's talks with the US for a trade deal are ongoing. Addressing a press briefing, Jaiswal said that India is closely assessing the implications of the recent US sanctions on Russian oil companies. "We are studying the implications of the recent US sanctions ...Read More >
Energy Security Focus: India continues to balance ties with Russia and the US, prioritising affordable energy for its vast population. In a major diplomatic breakthrough, the United States has granted India a six-month exemption from sanctions on Iran's Chabahar Port -- a move that enables New Delhi to sustain its strategic investments and maintain vital access to Afghanistan and Central Asia. The Ministry of External Affairs confirmed the decision on Thursday, calling it a "significant achieve ...Read More >
India faces a dilemma: Should it continue buying Russian oil one way or another, or cease its imports altogether? For sure, the US has no right to dictate how two sovereign nations conduct their bilateral trade. While Russian companies have been sanctioned by the US, Moscow has no intention of stopping its oil exports. It is for the importing countries, such as India and China, to decide whether they are willing to risk potential secondary sanctions from the US for doing business with the sancti ...Read More >
US sanctions went into effect Monday on a major Indian port project in Iran, as President Donald Trump again showed his willingness to punish longstanding partner New Delhi in aid of his wider regional goals -- in this case to pressure Tehran. The sanctions on the Chabahar port come a day after wide UN sanctions also came back into force on Iran, as Trump, European allies and Israel have all targeted the country over its nuclear program. The first Trump administration issued a rare exemption i ...Read More >
New Delhi: At the 80th session of the United Nations General Assembly (UNGA), Russian Foreign Minister Sergei Lavrov stated that Putin's visit to New Delhi in December is being planned. Regarding India-Russia relations, Russian Foreign Minister Sergei Lavrov said, "We have a very broad bilateral agenda, including trade, military, technical cooperation, finance, humanitarian affairs, healthcare, high technology, artificial intelligence, and, of course, close coordination internationally, includin ...Read More >
Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation's refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela. A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that si ...Read More >
TEHRAN - India has imported a large shipment of Iranian crude for the first time in years, raising speculation that New Delhi may be preparing to resume broader purchases despite U.S. sanctions. Data from India's Ministry of Commerce and Industry showed the country imported Iranian crude worth $111 million in June. India had halted purchases of Iranian oil in 2018 after Washington's withdrawal from the nuclear deal and the reimposition of sanctions. In addition to crude, India imported $94 mi ...Read More >
NEW DELHI: Government said Friday it had taken note of the US state department statement announcing revocation of sanctions waiver for Chabahar Port, adding that it is examining its implications for India.India has been actively working with Tehran since 2015 to develop Chabahar Port in Iran, as it provides India an alternative and reliable maritime access route into Afghanistan, and to Central Asia utilising the Zaranj-Delaram road it built in Afghanistan.Looking to isolate Iran, the US earlier ...Read More >
NEW DELHI: India's wholesale price index (WPI)-based inflation slipped to a 25-month low of -0.58% in July, marking a second straight month in negative territory, provisional data from the Ministry of Commerce showed on Thursday. The reading was well below economists' expectations of a 0.30% decline in a Reuters poll. WPI, a proxy for producers' prices, stood at -0.13% in June, 0.13% in May, 0.85% in April, 2.25% in March, 2.45% in February, and 2.51% in January. The index was pulled down prim ...Read More >
India's top oil refiner, Indian Oil Corporation (IOC), has purchased 7 million barrels of crude oil from the US, Canada and West Asia to be delivered in September, news agency Reuters reported. This big purchase comes as Indian refiners slow down buying Russian oil due to smaller discounts. What IOC bought from three regions *4.5 million barrels of US crude *500,000 barrels of Canada's Western Canadian Select (WCS) *2 million barrels of Das crude from Abu Dhabi These purchases came through ...Read More >
New Delhi, Jan 2 (PTI) Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall trade basket including in the petro-chemical sector through the strategically-located Chabahar port, a senior Iranian official said on Thursday. Tehran is also keen to expand counter-terror cooperation with India as the possibility of rise in the terrorist activities looming large over West Asia in view of the fragile situation in the region, especially in Syria, he said. ...Read More >
New Delhi, Jan 2 (PTI) Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall trade basket including in the petro-chemical sector through the strategically-located Chabahar port, a senior Iranian official said on Thursday. Tehran is also keen to expand counter-terror cooperation with India as the possibility of rise in the terrorist activities looming large over West Asia in view of the fragile situation in the region, especially in Syria, he said. ...Read More >
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