Indian refiners are reducing their intake of Iranian crude oil in preparation for the return of U.S. sanctions on Tehran. The reduction is being seen as an attempt to score a waiver from the U.S. Treasury Department, Reuters reports. Loadings for September and October will be lower than 12 million barrels each month, which is nearly half of what they imported earlier this year in preparation for the sanctions. India’s Foreign Minister stated earlier this year that New Delhi will not honor unilateral sanctions from the United States, but due…
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