India stalls Iran oil purchases waiting on US green light!
Market News
– Reuters have that Indian oil refineries are now putting a halt on any Iran oil purchases for at least a month waiting to get the green light from the US on an extended sanctions waiver. As the deadline of US exemptions for 8 countries on their Iran oil purchases closing in, now the second largest importer of the nation’s oil after China, which has imported 9 mn barrels of crude per month under the current waiver (50% less than before JCPoA withdrawal), is to sit on its hands hoping for an answer from the US government in 7-10 days.
