India resumes Iranian oil purchases after 7 years
The Indian-flagged carrier Jag Vasant, carrying liquefied petroleum gas (LPG) via the Strait of Hormuz, arrives at Mumbai Port, Mumbai, India, April 1, 2026. (EPA Photo)


India said Saturday that it has resumed oil purchases from Iran, marking the first instance in seven years, amid the ongoing conflict in the Middle East, which has upended energy supplies around the world, particularly straining Asian countries.

This is the first public announcement by the South Asian nation since 2019, when it stopped importing oil from Iran after U.S. waivers on the purchase of sanctioned Iranian oil were not renewed for buyers.

"Amid Middle East supply disruptions, Indian refiners have secured their crude oil requirements, including from Iran; and there is no payment hurdle for Iranian crude imports," India’s Ministry of Petroleum and Natural Gas wrote on X.

The ministry said India imports crude oil from over 40 countries, "with companies having full flexibility to source oil from different sources and geographies based on commercial considerations."

It added: "India’s crude oil requirements remain fully secured for the coming months."

Last month, the U.S. waived sanctions on the purchase of Iranian oil for 30 days.

India procures almost 50% of its energy supplies, worth $180 billion in 2024, from the Middle East, according to the latest data available.

The U.S. and Israel on Feb. 28 launched an air offensive on Iran, killing over 1,340 people so far, including then-Supreme Leader Ayatollah Ali Khamenei.

Iran has retaliated with drone and missile strikes targeting Israel, along with Jordan, Iraq, and Gulf countries hosting U.S. military assets, causing casualties and damage to infrastructure while disrupting global markets and aviation.

At least 13 U.S. servicemen have been killed and several others wounded during the conflict.

The conflict has driven up energy prices and affected shipping through the Strait of Hormuz, a critical global oil chokepoint, with a significant portion of global oil shipments passing through it.