Indian oil importers will be able to utilize a new rupee-and-euro payment mechanism to continue shipments of crude oil from Iran following the imposition of U.S. sanctions. That may be a model for other buyers of Iranian crude globally including those in Japan and South Korea. Iran accounted for 13.8% of Indian oil imports in the 12 months to Sept. 30, or 13.8% of the total. The largest oil importers in the third quarter of 2018, which may be helped by the new mechanism, include Mangalore Oil, which relied in Iran for 47.4% of its imports, and Indian Oil which sourced 20.5% of its imp...