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Commodity Market, Commodities News Today | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? 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India allows Iranian oil tankers to berth at Sikka port under special exemption
2026-04-11 · via Commodity Market, Commodities News Today | The HinduBusinessLine
India, the world’s third-largest oil importer, has not officially imported Iranian crude since 2019 due to sanctions pressure, though recent global energy volatility has renewed attention on alternative supply arrangements.

India, the world’s third-largest oil importer, has not officially imported Iranian crude since 2019 due to sanctions pressure, though recent global energy volatility has renewed attention on alternative supply arrangements. | Photo Credit: Dado Ruvic

India's ​shipping ministry has granted special permission to four vessels carrying Iranian ‌oil - as requested by Reliance Industries - to berth ​at the western port of Sikka, three ⁠industry sources said.

India's oil ministry, shipping ministry and Reliance did not respond to Reuters emails seeking comments.

Iranian oil is often ‌transported by a so-called shadow fleet of vessels that lack internationally recognised insurance and safety certifications.

But ‌this requires special permission from the government ‌as exemptions ⁠are required under Indian rules for the ⁠berthing of ships.

One of the sources said the shipping ministry has granted a special one-time exemption to vessels requested by Reliance, operator of ​the world's biggest refining ‌complex, due to the emergency situation created by the closure of the Strait of Hormuz.

Apart from Comoros-flagged aframax Kaviz and Curacao-flagged large crude carrier (VLCC) Lenore, permission has ‌been granted to Iran-flagged VLCCs Felicity and Hedy, a ​second source said.

All four U.S.-sanctioned vessels are more than 20 years old.

India typically ⁠requires tankers that are more than 20 years old to have seaworthiness certification from a member of the International ‌Association of Classification Societies, or an entity authorised by India's maritime administration.

However, another source said, despite the grant of permission, it was not definitely clear that Reliance would process Iranian oil, as it wants to ensure that transactions are sanctions-compliant and are in line with ‌Indian rules.

India, the world's third-biggest oil importer and consumer, has not ​received a cargo from Tehran since May 2019 following U.S. pressure not to buy Iranian ⁠crude.

However, the U.S. last month temporarily waived sanctions on the ⁠purchase of Iranian oil at sea to ease oil prices.

The waiver is due to expire ‌on April 19.

Indian Oil Corp, the country's top refiner, has purchased Iranian oil carried in the ​sanctioned tanker Jaya, ship tracking data shows.

Published on April 11, 2026