Indian business press; tracks US-Iran dialogue through the lens of Indian oil imports and sanctions exposure

BusinessToday headlines the lack of a breakthrough and notes that Indian refiners, who increased Iranian crude purchases after the US-Iran MoU was signed, are watching the Hormuz status closely. The outlet reports that the $6 billion assets question involves goods to be delivered (not cash) and that the mechanism mirrors elements of the 2023 JCPOA-adjacent deal. The next round timing, after the Khamenei funeral (ceremonies July 4-6 in Tehran, July 7 in Qom, burial July 9 in Mashhad), is noted as at minimum a 10-day hiatus.

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