India's Back Buying Iranian Oil, and It's Costing Them - Moby THE GIST India just bought Iranian oil for the first time since 2019, and the move tells you everything about where New Delhi sits right now: caught between Washington's sanctions regime and the very real pressure of keeping a billion people's lights on and stoves burning. WHAT HAPPENED India imports over 80% of its crude, so it buys from everyone: Russia, the U.S., Africa, the Middle East. It can't afford loyalty. The Middle East alone accoun ...