Israel Iran War · 23 March 2026
Iran offers India crude at $6-8 premium over Brent.
AI Generated (Gemini)
Iran is offering crude to India at a premium of $6–$8 per barrel over Brent, reversing its usual discount strategy as global supply tightens. The shift comes amid disruptions in the Strait of Hormuz and a temporary easing of U.S. sanctions on Iranian cargoes. Indian refiners are assessing payment mechanisms and logistics, while elevated prices reflect growing competition for limited supplies in an increasingly strained energy market.
Reported by Reuters · How we write briefs