EghtesadOnline: India’s oil imports from Iran surged to about 705,000 barrels per day in May, their highest level since October 2016, according to data from shipping and industry sources, despite the threats of fresh US sanctions.

EghtesadOnline: In April through January, the first 10 months of this fiscal year, India imported about 17% less Iranian oil at about 442,800 bpd.

EghtesadOnline: India’s monthly oil imports from Iran surges by about 30% to a record 768,000 barrels per day in July, preliminary tanker arrival data obtained by Reuters showed. The shipments also include consignments that were loaded in June and arrived in India last month, the data obtained from trade sources showed.