India news: US waiver clears way for Iran oil purchase

Iran has contacted Indian refiners to sell its oil after the US temporarily lifted sanctions on Tehran. Meanwhile, an Indian startup founder is going to head Meta’s WhatsApp. Follow DW for more.

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Merchant vessel carrying crude oil from Saudi Arabia, that arrived clearing the Strait of Hormuz, is seen at the Mumbai Port in Mumbai, India
India stopped buying oil from Iran in 2019 after the US imposed sanction on Iran [FILE: Mar 12, 2026]Image: Rafiq Maqbool/AP Photo/picture alliance

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What you need to know

  • After years of restrictions, Indian buyers are looking at Iran for oil imports
  • Fintech startup CRED founder Kunal Shah has taken over as head of WhatsApp

Here is a roundup of some of the top headlines that are getting India talking on Tuesday, June 23: 

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Skip next section Iranian oil back on Indian refiners’ radar after US waiver06/23/2026June 23, 2026

Iranian oil back on Indian refiners’ radar after US waiver

The United States has temporarily lifted sanctions on Iranian crude oil exports, opening a way for Iranian oil to return to India after years of restrictions.

The National Iranian Oil Company has reached out to international oil companies, including Indian refiners, and trading houses to resume commercial ties, Indian newspaper The Indian Express reported, citing trade sources.

The development comes as part of the ongoing US-Iran negotiations under which the US issued a temporary 60-day sanctions waiver for Iranian crude oil.

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The waiver allows production, delivery, and sale of Iranian oil, petroleum products, and petrochemicals through August 21.

The lifting of sanctions on Iranian oil holds significance for India, which was once among the largest importers of Iranian crude before US sanctions forced it to stop buying Tehran’s oil in 2019.

Right now, Indian refiners are treading cautiously. Oil-importing companies in India steer clear of oil and gas under US sanctions to avoid the risk of attracting secondary sanctions from Washington.

https://p.dw.com/p/5FszCSkip next section Welcome to our coverage06/23/2026June 23, 2026

Welcome to our coverage

Midhat Fatimah | Rana Taha Editor

Good morning! This is Midhat from DW’s New Delhi Studio. I am here to bring you all the latest news coming from India.

India is once again looking at Iran to support its oil needs. The shift comes as a result of the US waiving its sanctions on Iran.

Meanwhile, Meta’s popular messaging platform, WhatsApp, will now be headed by Indian fintech startup CRED founder, Kunal Shah.

Stay tuned as we bring you more on this and other developments from across the country.
 

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