140 million barrels of Iranian oil up for grabs amid West Asia war. Can India get any?

The auto sector is sensitive to crude oil prices, as lower fuel costs can boost consumer spending and reduce logistics expenses. While the sector has seen recent volatility due to LNG supply risks, cheaper crude could provide a tailwind.

• •The U.S. has granted Iranian oil the green light for export to exert financial pressure and reduce prices.
• •Iranian officials claim no surplus supplies to meet interest.
• •Indian refineries are keen to procure the oil but face bureaucratic hurdles and financial agreement issues.
• •140 million barrels of Iranian oil are potentially available.
• •Risk flag: Iran's actual ability to supply the oil remains uncertain.