New Delhi, April 4 -- Foreign affairs expert Robinder Sachdev said the mid-voyage rerouting of an Iranian crude shipment, which was supposedly destined for India, reflects evolving market dynamics rather than any unusual development, describing it as a case of the "free market playing out."
In an interview with ANI on Friday, Sachdev said, "I don't see it as anything surprising; it's probably right now free market playing out." He explained that multiple factors could be influencing such decisions, including competitive pricing and logistical requirements.
"There are many buyers as well as sellers; sellers want to sell quickly. Iran knows it has a 30-day window to sell its oil at sea, Russia knows it has a 30-day waiver," he said, addin...
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