Indian refiner may resume buying Iran oil after deal passed

Indian refiner Hindustan Petroleum Corp is actively considering resumption of Iranian oil purchases after western sanctions against the OPEC member are eased, its head of refineries said Monday.

HPCL stopped buying Iranian crude in April due to insurance problems triggered by EU sanctions. But a landmark deal to curb Tehran's nuclear program struck on Sunday includes easing of some restrictions that should end these insurance problems. (Reuters)