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Commodity Market, Commodities News Today | The HinduBusinessLine

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Tanker carrying Iranian crude oil shifts course from Indi...
2026-04-03 · via Commodity Market, Commodities News Today | The HinduBusinessLine
SENSEX   78,520.30

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GOLD   153,905.00

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SILVER   252,722.00

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SENSEX   78,520.30

+ 26.76

NIFTY   24,364.85

+ 11.30

NIFTY   24,364.85

+ 11.30

CRUDEOIL   8,283.00

+ 516.00

CRUDEOIL   8,283.00

+ 516.00

GOLD   153,905.00

 -704.00

Issues with payments, shipping and insurance push the first Iranian oil delivery to India since 2019 to skip Vadinar, Gujarat

(representative image) Ping Shun shifts course after briefly signalling first India delivery in years

(representative image) Ping Shun shifts course after briefly signalling first India delivery in years | Photo Credit: REUTERS/Norlys Perez

A US-sanctioned vessel carrying Iranian crude oil has shifted course to China from its previously signalled destination of India, where it would have been the first such shipment in nearly seven years.

The Ping Shun, an Aframax built in 2002 and sanctioned by the US in 2025, is currently signaling Dongying in China, according to Kpler, a ship-tracking firm. Earlier this week the ship had indicated it would arrive at Vadinar, Gujarat, but it has since taken a sharp turn to the south. Such destination signals are not final and may change at any time.

India hasn’t purchased Iranian crude since May 2019, when it stopped importing barrels from the country due to US sanctions. President Donald Trump has temporarily waived penalties for Iranian cargoes already at sea, but issues around payment, shipping and insurance have complicated potential transactions. 

For more details, see here.

More stories like this are available on bloomberg.com

Published on April 3, 2026

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