India allows Iranian oil shipments amid sanctions easing

India has granted special permission for four vessels carrying Iranian oil to dock at the western port of Sikka Port, marking a rare development after years of halted imports due to sanctions.

The move comes following a request from Reliance Industries, which operates the world’s largest refining complex. Industry sources said the approval is a one-time exemption issued by India’s shipping ministry in response to an emergency situation caused by disruptions in the Strait of Hormuz, a critical global oil transit route.

India, the world’s third-largest oil importer, has not officially received Iranian crude since 2019, when it halted purchases under pressure from the United States. However, a recent temporary US waiver allowing limited Iranian oil transactions has opened a narrow window for such shipments. The waiver is set to expire on April 19.

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The vessels granted permission include two very large crude carriers and two smaller tankers, all of which are under US sanctions and more than 20 years old. Typically, India requires older tankers to meet strict safety certifications, but exemptions were granted in this case.

Despite the approval, it remains unclear whether Reliance will process the oil. Sources indicate the company is carefully assessing compliance with international sanctions and domestic regulations before proceeding.

The development highlights the complex balancing act India faces between energy security and geopolitical considerations. With global oil markets under pressure and supply routes disrupted, New Delhi appears to be cautiously exploring alternative options while maintaining alignment with international norms.