X @Watcher.Guru

Indian refiners are paying for Iranian oil using Chinese yuan through Mumbai-based ICICI Bank, according to a new report released by Reuters today.The purchases come under a temporary US sanctions waiver aimed at easing oil prices. That waiver for Iranian crude expires on Sunday, and Treasury Secretary Scott Bessent said it will not be renewed.State-run Indian Oil Corp bought 2 million barrels aboard the VLCC Jaya this month, marking India's first Iranian crude import in seven years.Privately-held Reliance ...