Why did Reliance Industries reject the Iranian oil cargoes on the tankers Derya and Lenore?

Reliance Industries rejected the Iranian oil cargoes on the tankers Derya and Lenore because they 'did not meet with the company's compliance requirements', as stated in its statement to Reuters; the company did not provide further details about those requirements.

What is the significance of the U.S. waiver on Iranian oil imports expiring on Sunday, and how does it relate to Reliance's actions?

The U.S. waiver allowing purchases of Iranian oil at sea is set to lapse on Sunday, and Reliance's rejection of the Iranian cargoes on Derya and Lenore occurred just days before this deadline, reflecting heightened compliance caution as the legal window for sanctioned trade closes; the company's actions align with the broader context of Washington's decision not to renew the waiver, announced by Treasury Secretary Scott Bessent on Wednesday.

Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms

Apr 17, 2026

Reliance Industries rejected two Iranian oil cargoes due to compliance failures ahead of the expiring U.S. sanctions waiver. This move follows confirmation from U.S. officials that waivers permitting purchases of sanctioned Iranian crude will not be renewed.

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Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms

Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms

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