Indian business press; tracks Iran-US talks through India's oil import exposure

Highlights the lack of a breakthrough, noting Indian refiners who increased Iranian crude purchases after the MoU are watching Hormuz closely. Reports the $6 billion asset question involves goods delivery, not cash, mirroring elements of the 2023 JCPOA-adjacent deal. The next round is delayed by at minimum 10 days given the Khamenei funeral timeline (ceremonies July 4-6, burial in Mashhad July 9).

“No breakthrough; next round delayed by Khamenei funeral; $6 billion in assets to be delivered as goods, not cash.”