Reliance Seeks Approval to Import Iranian Crude.

– key importer/refiner – sector peer exposure Reliance has approached authorities to resume Iranian oil imports before a US waiver deadline, indicating potential re-entry into a previously restricted supply channel. Policy shifts affect crude sourcing, refining margins, and supply diversification. Regulatory clarity influences operational flexibility. Timeline tied to US sanction waiver expiry. Geopolitics and policy directly shape energy economics.