Iran's main oil terminals idle for weeks as US blockade chokes exports
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US Secretary of State Marco Rubio is visiting Reliance's Jamnagar refinery, the world's largest, as Washington seeks to enforce sanctions on Russian energy buyers and manage oil prices amid the conflict with Iran. The visit signals US pressure on India to reduce Russian crude purchases, though India's reliance on discounted Russian oil complicates compliance. The outcome could affect global oil flows and US-India relations.
US Secretary of State Marco Rubio visited India to pressure for reduced Russian oil purchases while exploring increased Venezuelan heavy crude imports as an alternative. The US signaled potential sanctions relief for India to process Venezuelan oil, acknowledging India's 'refining superpower' status and expressing patience on its Russian energy ties. Concurrently, both nations are nearing finalization of a bilateral trade deal, with oil-related provisions pending.
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