Are they buying oil from gulf nations or Iran? What is the US going to do if they're buying from Iran?
191
ApplicationMaximum8419 hr ago
+180
They had not bought any oil from Iran after 2019 sanctions, but after the conflict started they purchased Iranian oil for the first time since 2019 - and the US didn't do shit. They purchased from both now I guess.
180
GriffinNowak19 hr ago
+51
The US gave them a waiver
51
snow_coffee16 hr ago
+45
Bunch of clowns destroying world and climate
On top of it has the audacity to tell what other countries transact with
45
GriffinNowak7 hr ago
+1
Less oil is being used. Ships that are major polluters aren’t moving.
1
Percy_tercy15 hr ago
+14
Nobody gives a shit about US
14
GriffinNowak7 hr ago
-3
Then you guys should stop obsessing over us
-3
Stifffmeister1113 hr ago
-18
Fact is india stop buying iran and Russian oil under USA pressure , india also left the iran chabahar port from USA pressure
-18
Percy_tercy13 hr ago
+10
Lmao ,You are incorrect.
Go read the below Articles. Whatever your clown president doing it is definitely forced india to move away from US
https://www.cnbc.com/amp/2026/04/06/india-iran-oil-imports-strait-hormuz-us-tensions.html
https://asia.nikkei.com/business/energy/india-s-russian-oil-imports-double-likely-to-remain-high-in-may
10
NoRun20211 hr ago
-1
He is Indian 😭🙏
-1
Percy_tercy11 hr ago
+1
Nah , I think probably he is from Indian subcontinent but not Indian for sure.
1
dongkey100116 hr ago
-11
But will sanctions the bank that enabled the transaction.
US Treasure Secretary had said a tions will be taking against ICIC a China bank for handling the transactions.
-11
Cybercrypt15 hr ago
+14
It’s ICICI and it’s an Indian bank. They used the branch in Shanghai for the transaction is all.
14
Suggondeezenutz_-_14 hr ago
+1
Maybe because they paid in Yuan.. Would make sense since US would have frozen Iran out of SWIFT
1
dongkey100115 hr ago
-2
Oh. Did not realize that.
-2
GriffinNowak7 hr ago
+1
And why did they say they will be sanctioning them despite a waiver
1
TonyTheTerrible10 hr ago
+4
Lol and they've been paying in their own currency which is a big play
4
erikwarm12 hr ago
+7
Enforce the blockade or silently admit they don’t have the balls to do so.
7
Thin-Theory-480514 hr ago
+79
India is buying oil from Middle east countries, also Iran and also Russia.
We had agreed not to buy from the latter two, but orange creature, is on a rant. So now if NK sells oil, we will buy from them as well & refine it and sell to the world.
So much winning, MR.President.
79
Prestigious_Face772710 hr ago
+29
And buying from Russia to export to Europe, so the EU can pretend it's boycotting Russia.
Smart guys
29
Thin-Theory-48059 hr ago
+7
It's win-win for both.
7
K885M8 hr ago
+3
I think the main point for the EU is Russia doesn’t get full price when selling oil!
Thus less money for the war machine! They know it, not just pretending!
3
CMCH_oyom15 hr ago
+71
We're potentially going from freedom of the seas that we've more or less enjoyed for a century back to a system where countries will have to re-arm their navies to protect their trade routes
71
hugelkult13 hr ago
+12
All nullified by drones and fastboat swarms
12
Drak_is_Right9 hr ago
+11
People laughed at Russia getting their ships sunk by Ukraine, but operating near a hostile shore is TOUGH.
Why a year long blockade of Taiwan is far more likely than an actual invasion. Just simply a few subs and a lot of naval mines....while patrolling a long distance offshore. There would be some airstrikes, but more just a lot of long range proving as Taiwans jetfuel stock slowly runs out, making it easier and easier for them to hit critical spots. Eventually, they would hope for surrender, or at least a "far more favorable arrangement"
11
royal_dansk9 hr ago
+1
Nah! Nullified by Trump's caprice and bullying
1
Additional_Leek288720 hr ago
+61
They don't want to lose their ship to either us or Iran.
61
grey_hat_uk11 hr ago
+3
If Iran had proper lines of communication between the various factions they should be fine and the US has given a waiver so really it's making sure someone doesn't change their mind halfway through.
3
DaySecure764219 hr ago
+52
That's interesting. I guess the IRGC will have a hard time deciding to hit them or not.
52
Durian88114 hr ago
+25
As well as the US navy.
25
BendicantMias10 hr ago
+15
Iran allowed Indian ships to pass through before, so they're not the problem. It's the US blockade that they want to bypass. The article also clarifies this -
>The navy is constantly in touch with the ships and their crew and has advised them to move only after getting confirmation from Iran.
There's no mention of them conferring with the US as well.
15
PhysicalImpression8621 hr ago
+41
Note - this will essentially have no effect on global prices as India has closed the export of oil since ages. It will help keep oil prices in India as low as the pre war levels, but that’s it.
41
Old-School891621 hr ago
+40
ya, but won't India not compete w/ other countries for other oil sources? India is the #2 importer after China so obviously it has a big impact on prices.
40
PhysicalImpression8620 hr ago
-30
India has been using the same oil for weeks almost so, it was not competing as is. They just didn’t have e****** that resulted in ships getting attacked and such.
-30
Glass_Librarian901919 hr ago
+32
> India has been using the same oil for weeks almost so
A modern day miracle of Hanukkah
32
Affectionate_Bee643415 hr ago
+6
No lol, the indian government already decreased excise duties on petrrol and disel so that oil companies still have some profit margins. The petrol here in india is very expensive as it is for a low income nation. They might increase the prices after the election results are announced but that's just a rumour, we will have to see what they do.
6
fec224520 hr ago
+80
That isn't how the oil market works.
80
PhysicalImpression8620 hr ago
-46
There are two terminals in india that can handle oil and the Indian government controls them. That is how it works, else the oil prices in India would not have been like 40 percent lower compared to outside.
-46
fec224520 hr ago
+56
If India can get their ships through the strait they'll use that oil, if they can't than they'll purchase oil on the market. That increase in demand will drive up the market price.
56
PhysicalImpression8620 hr ago
-40
India has been using the same oil for weeks almost so, it was not competing as is. They just didn’t have e****** that resulted in ships getting attacked and such. India was not adding demand pressure, and will continue to not do so. Its consumption was far lower then what passed through the straits so it stomach all the oil their and hence their is still a storage compared to demand.
-40
nvbtable17 hr ago
+23
You seem to misunderstand how India's oil purchases affect global oil pricing
23
musci1223419 hr ago
+21
Indian oil prices have not increased mostly because
1. They were already high
2. There are critical elections going on so govt is not letting prices go up.
21
Sleepergiant258620 hr ago
-20
##Thats not how Oil prices work.
You have no understanding.
Oil Price is set at WORLD LEVEL. It is $110 per barrel, So each country whether its USA or India or even Venezuela, they will have to pay this rate only.
The only thing India can do is stock oil at this rate and pray it doesn't increase much.
##Major problem for India is not oil price or getting the oil. It is storage of oil (lack of strategic reserve). Lack of enough oil depots. We hardly have storage for a month, Unlike China which has storage for 3 mnths.
##TL;DR : Saste mein oil lo ya jyada pay karke lo, storage capacity hi nahi hai apne pass. So much for temple, statue building, Main infra banana bhul gaye, Maybe log bhi iske basis pe vote nahi dete.
-20
AzyncYTT19 hr ago
+8
That's just not true lmao its actually impressive how completely wrong you are. You can sell oil at whatever price you want and sanctioned distributors like Iran often do sell their oil at a d*******. Obviously prices will be around the DATED prices which at the last data we had was 98$ but with however much leeway the sellers want to sell it at. There is no "offical" price, WTI and Brent are benchmarks or rather a reference price which most oil is sold near. India who was buying oil from Iran was already paying less than most countries since Iran usually sells it at benchmark - 20$ compared to Saudi Arab Light which is usually +1 +2 to the benchmark. This is why indian prices are lower: the refiners are getting discounted oil. Also since they have their own reserves outside of government reserves the government will also prohibit the increase of the gas prices until reserves fall.
8
Plus-Salad-196819 hr ago
+14
Okay. But why are you yelling in urdu/pakistani😂
14
CptIskarJarak17 hr ago
+4
>We hardly have storage for a month, Unlike China which has storage for 3 mnths.
Good job peddling misinformation. India has oil reserves for 74 days. 9.5 days of consumption and 64.5 days in refineries as crude. Can't believe people can't so much as do a simple search but put in the effort to increase font site to show screaming effort.
[https://en.wikipedia.org/wiki/Strategic\_Petroleum\_Reserve\_(India)](https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(India))
4
Sleepergiant258617 hr ago
-5
So 2 months is what you are bragging now ?
Wow, what an achivement 🤡
#Since you did so much of Google, Lookup how much Japan and South Korea have strategic reserve. Why dont u compare them with these countries.
So hiding info of other countries is not labelled as 'Peddling Mis Information'. Typical Bhakt. So much for 4rh largest (sorry now 6th largest economy) with barely oil reserves less than even South Korea.
You wanna talk Data, lets talk Data then. Come with a stronger and more logical response next time.
-5
nota_is_useless19 hr ago
+6
We would still be exporting refined products even if we are not exporting crude. And these products will be priced at current market price, effectively impacting domestic prices. Govt is primarily holding onto pre-war prices for petrol, diesel and lpg till elections are concluded (apr 29) via reducing taxes and management pressure on PSU (state owner enterprises which distributes these 3 products domestically). Refining products mix is highly dependent on crude used as input and refinery configuration. Reliance refinery is an sez, built primarily to export. There will be many refined products which we will have a surplus of (petrol, diesel, lubricant) and many we have a deficit of (lpg).
6
LucasSkywalker8921 hr ago
+4
Basically what they are doing is protecting the ships after Pakistan coast from US blockade.
4
fec224520 hr ago
+16
That isn't what the article says. Their concern is Indian vessels in the Persian Gulf like the two that Iran attacked the other day, not Iranian vessels.
16
LucasSkywalker8920 hr ago
+4
Read between the lines... They aren't going to say they challenge the blockade...
4
fec224520 hr ago
+11
It makes sense that their concern is the Indian ships that were recently attacked in the strait and similarly situated ships. You're not reading between the lines, you're in left field if you read the article to say that they're going to ignore Indian tankers and are actually going to e***** Iranian tankers.
11
LucasSkywalker8919 hr ago
+3
Then why Indian Ocean and not say Gulf of Oman or Arabian Sea?
3
fec224519 hr ago
+2
What do you take near the strait to mean?
2
LucasSkywalker8919 hr ago
+5
India's concern is not Iran, it is the blockade.
5
fec224519 hr ago
+4
What makes you think that India isn't concerned with Iran attacking Indian ships and that their primary concern is escorting Iranian tankers when they're not a major consumer of Iranian oil?
4
QFGTrialByFire15 hr ago
+5
Because even the article points this out. They want their ships to follow Iranian direction through the strait then they take over the e*****.
The above commenter is right this is less for the IRGC and more for the US blockade. They are probably going to take Iranian oil via the coastal route to India. The US blockade ends at the territorial waters. The US wont be engaging an Indian frigate taking an Iranian tanker with oil to India in the coastal waters of Iran/Pakistan/India. Amazingly it seems the Pakistanis are ok with this as well as guess what they want that oil as well. Trump really does seem to bring everyone together.
58 Comments