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India Pays in Yuan for Iranian Oil Purchases Under U.S. Waiver
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Financial market analysis indicating neutral sentiment based on current trends.
Sentiment
Neutral
AI Confidence
50%
Time Horizon
Short Term
Article Context
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Indian refiners that have bought Iranian crude under the one-month U.S. waiver on Iran's oil on tankers are settling the purchases in Chinese yuan via the Shanghai office of India's ICICI Bank, Reuters reported on Friday, quoting multiple sources familiar with the deals. After initial hesitancy following the temporary U.S. waiver on purchases of Iranian crude loaded on tankers, some Indian refiners have opted to buy Iranian oil during the window of 'unsanctioned' crude from Iran that closes on Sunday, April 19. Earlier this week, U.S. Secretary…
Original article published by
OilPrice.com
on April 17, 2026.
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