{"id":15567,"date":"2025-09-26T07:22:09","date_gmt":"2025-09-26T07:22:09","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15567"},"modified":"2025-09-26T07:22:09","modified_gmt":"2025-09-26T07:22:09","slug":"india-asks-us-to-allow-iran-oil-to-help-curb-russia-trade","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15567\/","title":{"rendered":"India Asks US to Allow Iran Oil to Help Curb Russia Trade"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation\u2019s refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela.<\/p>\n

A delegation visiting the US this week reiterated the request in meetings with American officials, a person with knowledge of the discussions said, asking not to be identified as the talks are private. Indian representatives have emphasized that simultaneously cutting off Indian refiners\u2019 supply from Russia, Iran and Venezuela \u2014 all major oil producers \u2014 could lead to a spike in global prices, people familiar with the negotiations added.<\/p>\n

A spokesperson for the US embassy in New Delhi declined to comment on private diplomatic conversations, but added India\u2019s imports of Russian crude undermined American efforts \u201cto counter Russia\u2019s harmful activities.\u201d India\u2019s Commerce and Oil Ministries didn\u2019t respond to requests for comment.<\/p>\n

New Delhi\u2019s representatives traveled to the US for talks after Washington imposed crushing tariffs on the country in punishment for its oil trade with Russia. Despite the levies, the South Asian nation has maintained its crude imports from\u00a0the OPEC+ producer, albeit at a lower rate.<\/p>\n

Indian Commerce Minister Piyush Goyal said this week that the country wanted to increase its purchases of American oil and gas, adding that \u201cour energy security goals will have a very high element of US involvement.\u201d He made the remarks in New York.<\/p>\n

Trump Urges Erdogan to Stop Buying Oil From Russia<\/div>\n

Russia was forced to discount its crude after many others shunned trade with Moscow due to the war in Ukraine. Almost 90% of India\u2019s oil needs are met by imports, and cheaper Russian barrels have helped to reduce the burden on its import bill. Iranian and Venezuelan oil would also be similarly discounted.<\/p>\n

India stopped buying Iranian oil in 2019, and the nation\u2019s largest private refiner \u2014 Reliance Industries Ltd. \u2014 halted purchases of Venezuelan crude this year as the US tightened sanctions. Processors can shift to buying more Middle Eastern barrels, but it would come at a higher cost and inflate the overall import bill.<\/p>\n

Oil refiners paid an average $68.90 a barrel for Russian crude in July, compared with $77.50 from Saudi Arabia and $74.20 from the US, according to data from the Commerce Ministry. India is the biggest buyer of Russian oil delivered by tanker, while China is the largest overall importer, including deliveries by pipeline.<\/p>\n

The oil market is also on track for a large surplus next year as the OPEC+ alliance and producers from outside the group boost output, which is likely to put downward pressure on global crude prices.<\/p>\n

Updated on