India to cut Iran oil imports by half. Indian refiners will reportedly cut oil imports from Iran in September and October, reducing purchases by half relative to levels from earlier this year, according to Reuters. India imported around 658,000 bpd between April and August, and Reuters estimates that imports will fall to 360,000-370,000 bpd over the course of this month and next month. The cuts are significant, but Indian officials have also told Washington that they cannot take imports down to zero, as requested by the Trump administration.
