India has not been buying crude oil from Iran since mid-2019 after the US ended waiver for sanctions on Iran crude. Around 35-40% of India’s crude oil needs are met through cargoes that make their way towards Asia through the Strait of Hormuz.India has not been buying crude oil from Iran since mid-2019 after the US ended waiver for sanctions on Iran crude. Around 35-40% of India’s crude oil needs are met through cargoes that make their way towards Asia through the Strait of Hormuz.
