No takers for Iran oil? Why India’s refiners are hesitant despite US waiver
NEW DELHI: India’s state-run refiners are holding back from purchasing US-permitted Iranian oil cargoes despite a fresh sanctions waiver, as logistical, financial and regulatory uncertainties outweigh the short-term opportunity.According to a Bloomberg report, the hesitation comes after the United States issued a one-month waiver on Friday, allowing countries to buy Iranian crude already “on the…