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US sanctions on Iran may affect Indian oil imports

Sea NewsRead the original28 May 2026

US sanctions on Iran may affect Indian oil imports. Indian refiners like IOC, HPCL, and BPCL could face higher crude costs if Iranian supply is disrupted. India imported ~1.2 million barrels per day from Iran last year, making it a key source. Any reduction may widen trade deficit and impact refining margins.
📊 STOCKS: IOC, HPCL, BPCL | 🏢 SECTOR: Energy | #HIGHIMPACT #oil

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