Indian oil imports from Iran plunged by 41 percent on the year to just over 300,000 bpd in December, roughly around the level of Iranian oil India is restricted to buy under the U.S. waiver, allowing it to continue importing oil from Tehran, according to ship tracking data reviewed by Reuters . Compared to November, India’s oil imports from Iran increased by 9.4 percent in December after some cargoes had been delayed in November due to lack of tankers, according to the data. In November, India’s oil imports from Iran dropped to a one-year-low , plunging by 41 percent from October due to the U.S. sanctions on Tehran’s oil. Iran also dropped to sixth place on India’s largest oil suppliers list, from fourth in October, losing market share to fellow OPEC members Saudi Arabia, Iraq, and the United Arab Emirates (UAE). In November, the month in which the U.S. […]