Amidst the ongoing conflict in the Middle East, India has again started buying oil from Iran after 7 years. According to shipping data, a tanker named ‘Jaya’ is coming towards the east coast of India carrying Iranian crude. This tanker was earlier coming towards Vadinar Port in Gujarat. About 6 lakh barrels of crude oil were loaded in it. But then it turned towards China. Then it was told that due to payment problem he was going to China instead of coming to India. The Oil Ministry had declared those reports wrong. However, now it has again turned towards India. At present its location is near Malaysia. It is believed that it will reach the east coast of India by the end of this week. America has given 30 days exemption to India. Till 2018, India used to buy cheap oil in large quantities from Iran. At that time, India imported about 5.18 lakh barrels of Iranian oil daily, which was about 11.5% of the total imports. But after US sanctions, India stopped buying oil from Iran and increased the supply from other countries. Recently, America has given a limited exemption of 30 days, under which it is allowed to buy Iranian oil at sea. This discount is applicable till 19th April. According to the ministry, amid supply disruptions in the Middle East, Indian refiners have purchased crude oil from more than 40 countries and there is no problem of payment. There was a huge surge in oil prices after the ongoing conflict in West Asia. This affected many countries. Besides, Indian oil companies also suffered losses. But now Indian oil companies can get relief from getting cheap oil from Iran. What is the US discount and how does it work? The 30-day relaxation given by America is not like complete lifting of the ban. This is a limited and controlled system. America has imposed strict sanctions on Iranian oil since 2018, under which any country buying oil directly from Iran may face secondary sanctions. This means that American action can be taken against the companies of that country also. Meanwhile, when the global situation worsens, such as the pressure on supplies increasing due to the conflict in the Middle East, America provides relief for some time. Its purpose is that the oil market does not become completely unbalanced and prices do not increase uncontrollably. This exemption is not completely open. New big contracts are not allowed in this. Rather, permission is given to buy Iranian oil already present in the sea. This means countries cannot make a new long-term deal with Iran directly. They can buy only the limited quantity of oil available. Payment system plays an important role in this discount. Generally distance is kept from dollar transactions or the US banking system, so that sanctions are not violated. Earlier, India had used alternative systems like Rupee-Rial, so that payments could be made without American interference. Such relaxation was given earlier also. India got relief for some time after the sanctions in 2018, but later America ended it, after which India had to completely stop importing oil from Iran. The relaxation given now is limited to April 19, which means that this is a clear indication that America only wants to provide temporary relief and is not making permanent policy changes. For India, this means that it can reduce costs by buying cheaper Iranian oil for some time, but the long-term supply strategy will still remain uncertain. India increases oil from Russia, purchases from Iran resume. Oil purchases from Iran are resuming, but this is happening at a time when there is tension on important sea routes like Hormuz. About 35 to 50 percent of India’s crude oil and most of the LPG comes through this route, hence this situation has increased the pressure on the country’s energy supply. For this reason, India has also increased oil purchases from Russia. According to data company Coupler, India bought about 30 million barrels of Russian oil in a week after the conflict escalated. By March 24, imports from Russia rose to about 1.9 million barrels per day, compared with about 1 million barrels per day in February. The effect of this tension is clearly visible on prices also. According to Rystad Energy, the average price of the Indian crude basket was $ 69 per barrel in February 2026, which increased to $ 113 per barrel in March. Meanwhile, India has tried to rebalance its energy relations with Iran due to supply disruptions due to the US-Israel conflict. According to reports, currently 17 Indian ships are waiting for safe passage in the Strait of Hormuz, while seven ships have recently passed through there. Instead of joining the US Navy alliance, India has chosen the path of direct talks with Iran. Not only crude oil but also LPG supply is coming from Iran. A ship carrying about 44,000 metric tonnes of LPG reached Mangalore Port on April 2 and is currently unloading fuel there.
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ईरान से 7 साल बाद कच्चा तेल खरीद रहा भारत: चीन जा रहा था, बीच रास्ते से लौटा; इसी हफ्ते पूर्वी तट पर पहुंचेगा
