[MMB RI] Reliance buys 5 million barrels of Iranian oil after US waiver- Report. The purchase comes after Indian refiners snapped...

Reliance buys 5 million barrels of Iranian oil after US waiver- Report. The purchase comes after Indian refiners snapped up more than 40 million barrels of Russian crude after the U.S. announced a temporary sanctions waiver this month to ease supply shortages. The deal marks Indias first purchase of Iranian oil since the worlds third-biggest oil importer and consumer halted imports from Iran in May 2019