India is reportedly considering the resumption of crude oil imports from Iran following the escalation in the Red Sea and the Gulf of Aden near Yemen.
The issue has been on the agenda during the recent bilateral talks when Indian External Affairs Minister S. Jaishankar visited Iran last week.
The route for Iranian oil shipments passes through the Persian Gulf and Gulf of Oman, swarajyamag.com reported.
So far, India has refrained from purchasing crude oil from nations under international sanctions. It only started importing oil from Venezuela after the US lifted sanctions on the Bolivarian country.
“We are always monitoring the situation when it comes to crude flows. However, there have been proposals to resume crude oil imports from Iran. We are studying them,” an official said to the Business Standard report.