EghtesadOnline: One of the biggest Iranian oil customers among India’s refiners, Nayara Energy—formerly known as Essar Oil—started scaling back oil purchases from Iran this month, Reuters reported on Monday, citing sources familiar with the issue.

EghtesadOnline: India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from US sanctions, two government sources said.