Middlemen offer Iranian oil to Indian refiners after U.S. waiver, sources say

AI Summary

Middlemen are offering Iranian oil to Indian refiners at a discount of $3 to $4 per barrel compared to similar regional grades following a U.S. waiver. This move potentially affects regional energy markets and geopolitics between Iran, India, and the U.S.

NIOC is telling Indian buyers that Iranian crude would be $3 to $4 a barrel cheaper ‌than similar regional grades on a landed basis, they said