Reliance Industries has become the first Indian company to purchase Iranian oil following Washington’s recent decision to grant limited sanctions waivers, according to sources familiar with the development. The conglomerate has reportedly secured about five million barrels of crude in a move seen as both commercially strategic and geopolitically significant. The resumption marks Iran’s gradual re-entry into the global oil market after years of restricted trade under U.S. sanctions. Analysts note that Reliance’s early move positions it advantageously amid tightening global supplies and rising crude prices. The transaction also signals New Delhi’s efforts to diversify energy sources while balancing strategic relations with both Washington and Tehran. Industry executives say shipments are expected to begin arriving by mid-April, potentially easing supply pressure on domestic refiners facing high import costs.