RELIANCE

Refutes Iran Oil Claims Calls Reports Baseless

has strongly denied reports suggesting it purchased Iranian crude oil, calling the claims “baseless” and misleading. The clarification came after a Reuters report alleged that the company had bought 5 million barrels of Iranian oil following a temporary easing of US sanctions. Reliance emphasized that such reports are incorrect and urged media outlets to verify facts before publication. The company’s firm denial helps address potential concerns around regulatory and geopolitical risks, maintaining investor confidence in its compliance and operations.