Following a recent US waiver allowing certain transactions, Iran has begun offering crude oil to Indian refiners. This marks a potential shift in India’s energy sourcing, as the nation seeks to diversify its oil imports and benefit from potentially lower prices. The US decision provides limited sanctions relief, enabling specific financial flows related to oil trade. Indian refiners are now evaluating the terms of the offer and assessing logistical considerations for resuming imports. This development could significantly impact global oil markets and strengthen economic ties between Iran and India. However, the scope of the waiver and long-term sustainability of the arrangement remain uncertain, dependent on continued US policy. The move signals a cautious re-engagement with Iranian oil after years of restricted trade due to US sanctions.