InvestorQ : Is India the only country that imports crude oil from Iran?
Siya Saran made post

Is India the only country that imports crude oil from Iran?

Answer
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seema Upadhyaya answered.
1 year ago


No.

India is not the only nation importing oil from Iran. Iran is one of the world’s largest crude exporters. In fact, it accounted for 4% of total global oil exports in 2018.

India was among eight nations that were granted waivers from US sanctions on import of Iran oil. The others were China, Japan, South Korea, Turkey, Taiwan, Italy and Greece.