Iranian oil | Udaipur Kiran

Reliance Industries Denies Reports of Iranian Crude Purchase

26 Mar 2026 8:15 PM by Deependra Singh Chundawat

New Delhi, March 26: Reliance Industries Limited (RIL) has categorically denied reports claiming that the company purchased crude oil from Iran. The company labeled these reports as ‘baseless’. Earlier, some media reports suggested that RIL had acquired approximately 5 million barrels of crude oil from Iran, following a temporary lifting of U.S. restrictions on Iranian … Read more

US Takes Major Action Against Iranian Oil Network, Seizes $15 Million

7 Mar 2026 8:50 AM by Bhupendra Singh Chundawat

Washington, March 7: The United States has initiated legal proceedings to seize over $15 million, alleging that the funds are linked to Iran’s illegal oil distribution network. This network reportedly utilized the international financial system to evade US sanctions and provided support to organizations associated with Iran’s Revolutionary Guard. The US Department of Justice has … Read more