India Said to Consider Asking Iran to Deliver Oil, Get Insurance
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India may ask Iran to take responsibility for delivering crude to the South Asian nation, allowing domestic refiners to avoid arranging insurance on the shipments, according to two people with knowledge of the matter.
The plan is one of two options being considered by the government as it seeks to maintain oil imports from Iran amid tightened international sanctions against the Persian Gulf supplier, the people said, declining to be identified because the information is confidential. The other option is for India to provide sovereign guarantees to domestic companies hauling crude from Iran, they said.