India Revives Iranian Crude Oil Imports After 7-Year Hiatus
India resumes importing Iranian crude oil after a seven-year pause, defying US sanctions as it seeks to diversify energy sources and manage high global prices.
In a strategic move to bolster its energy security and manage skyrocketing global oil prices, India has resumed imports of Iranian crude oil after a seven-year hiatus. This decision marks a significant shift in India's foreign policy, as the country navigates the complex geopolitical landscape and seeks to diversify its energy sources.
Ending a Long Hiatus
India, once a major buyer of Iranian crude, had halted imports in 2019 under pressure from the United States, which had reimposed sanctions on Iran's oil exports. However, the current global energy crisis, exacerbated by the Russia-Ukraine conflict, has prompted India to reconsider its stance and turn back to Tehran as a reliable supplier.
{{IMAGE_PLACEHOLDER}}Source: Deutsche Welle
