India set to get first oil tanker from Iran in seven years, another oil carrier on the way
India will receive its first oil tanker from Iran in 7 years as US sanctions are temporarily lifted. The Indian Oil Corp bought the cargo on a Curaçao-flagged vessel heading to the east coast, while another carrier is signaling India as the discharge location. The US-Israel war has disrupted India's oil supply. RBI projects crude oil price at $85 per barrel and rupee at 94 per dollar in FY27.