India Set to Import First Iranian Oil in 7 Years

India is expected to receive this week its first cargo of Iranian oil in seven years, after the U.S. last month unsanctioned purchases of Iran's oil already loaded on tankers. The world's third-largest crude oil importer is set to import the cargo in the coming days, according to vessel-tracking data cited by Reuters. Last month, the U.S. issued waivers for the purchase of Russian and Iranian crude on tankers in a desperate attempt to curb the surge in international crude oil prices. India, which stopped importing Iranian crude in 2019 to comply…