India is poised to receive its first shipment of Iranian oil in seven years, following the temporary lifting of US sanctions on Iranian crude and refined products to ease global supply pressures, according to Reuters.

The cargo, purchased by state-owned Indian Oil Corporation (IOC), is currently aboard the Curacao-flagged very large crude carrier Jaya, which is heading to India’s east coast and is expected to arrive later this week, according to ship-tracking data from LSEG and Kpler, leading global providers of financial data, analytics, and market intelligence.

Before this development, India had not imported crude oil from Iran since May 2019, when it halted purchases following the expiration of US  waivers and pressure linked to US sanctions. The resumption of Iranian oil imports comes amid ongoing Middle East tensions that have disrupted supplies, particularly those transiting the Strait of Hormuz, prompting New Delhi to adjust its sourcing strategy to ensure energy security.

Another tanker, Jordan, has also indicated India as its discharge point, marking a significant step in India’s resumption of Iranian oil imports after a long hiatus.