Indian refiners are settling payments for rare cargoes of Iranian oil purchased under ‌a temporary U.S. sanctions waiver using Chinese yuan through Mumbai-based ICICI Bank, four sources with knowledge of the matter said.

Archived version: https://archive.is/newest/https://www.reuters.com/business/energy/indian-refiners-pay-iran-oil-yuan-via-icici-bank-sources-say-2026-04-17/

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