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Home/Markets/Commodities/Iranian Oil Tanker Diverts to China, Not…

Iranian Oil Tanker Diverts to China, Not India

Commodities
By ThePip Desk•
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A large oil tanker, with a red hull and black top, moves through calm blue water under a gray sky.

An oil tanker travels across open water under an overcast sky.

Key Highlights

US-sanctioned tanker Ping Shun, carrying Iranian crude, changes course from India to China. India halted Iranian oil imports in 2019 due to US sanctions.

The tanker Ping Shun, which is under US sanctions and carrying Iranian crude oil, has altered its course to China after initially indicating India as its destination. This shift would have marked the first instance of such imports in nearly seven years for India.

India has not purchased Iranian oil since 2019 due to sanctions imposed by the United States. Although a temporary waiver was granted by Donald Trump, challenges related to payment, shipping, and insurance continue to impede any potential agreement.

ChinaDonald TrumpIndiaIranUS