Intermediaries are aggressively marketing discounted Iranian crude to Indian refineries, aiming to accelerate sales following the implementation of a temporary U.S. sanctions waiver.
Indian refining sources indicate that middlemen are offering significant price incentives to secure buyers for Tehran's oil exports.
The push comes as Washington granted a 60-day waiver, allowing limited imports of Iranian energy products.
However, major Asian refiners are exercising caution, weighing the potential for renewed geopolitical hostilities and complex compliance requirements against the attractive pricing.
Buyers are reportedly hesitant to commit to large volumes without clearer signals on the duration and stability of the exemption.
This development adds a layer of complexity to global supply dynamics.