Iran rushes to sell oil to India after Trump sanctions waiver - all you need to know

Iran is quickly looking to sell its oil to India following the lifting of Trump-era sanctions, which has opened up new opportunities for Iranian crude exports. Data from Vortexa and Bloomberg calculations reveal that around 68 million barrels of oil are currently floating at sea, with over 80% lacking confirmed destinations, indicating a potential surge in Iranian oil sales to India. This shift underscores the geopolitical and economic implications as countries navigate new trade relationships amidst shifting sanctions policies.