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India buys Iranian oil in yuan for first time in seven years.
Indian refiners are paying for Iranian crude oil in Chinese yuan through ICICI Bank’s Shanghai branch, marking India's first purchase of such oil in seven years.
This shift follows a temporary U.S. sanctions waiver that is set to expire, reflecting a growing trend of using yuan to bypass dollar-based financial restrictions amid global energy trade.
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India compra petróleo iraní en yuan por primera vez en siete años.