Iranian Oil Arrives in India Just Ahead of US Waiver Expiry

Around 4 million barrels of Iranian oil have arrived in India, marking the first such imports in seven years as the South Asian nation races to secure volumes before a grace period granted by Washington expires at the weekend.

The Jaya, a very-large crude carrier fully laden with Iranian crude, is discharging its cargo at Paradip on India’s east coast this week, according to people familiar with the matter and ship-tracking data from intelligence firms Kpler and Vortexa. The people asked not to be named as they are not authorized to speak to the media.