Iran oil returns, but Indian refiners likely to hold back. Here’s why
The US issued a 60-day waiver on June 22, allowing the production, delivery, and sale of Iranian oil, potentially reopening the market for Indian refiners. Despite this opportunity, Indian companies are cautious, considering factors like the feasibility of refining Iranian crude and China's influence on the market. Watch for India's decision on resuming significant oil imports from Iran before the waiver expires on August 21.