Skip to content
Back to Guavy Wire
Commodities

Puri Clarifies India Imports Crude from 40 Countries Including Iran

Instruments
Oil Natural Gas
Share

Petroleum and Natural Gas Minister Hardeep Singh Puri has clarified that India is importing crude oil from over 40 countries, including Iran. In a social media post, Mr. Puri dismissed reports suggesting payment issues with Iranian crude, calling them factually incorrect.

The minister explained that amid supply disruptions in West Asia, Indian refiners have secured their crude oil requirements from multiple sources, including Iran. He noted that Bills of Lading often mention tentative destinations and cargo shipments may change course due to operational or commercial reasons.

Puri highlighted India's diversified sourcing strategy, stating that oil companies have flexibility to import crude from various countries based on commercial considerations.

More on Commodities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc