The transactions have reportedly been routed through a private bank’s Shanghai office ahead of the expiry of the US waiver Indian refiners are making payments for Iranian oil in yuan, after a temporary sanctions-waiver by the US enabled New Delhi to buy crude from the Middle Eastern country, Reuters reported. The US issued the one-month waiver on March 20, which Washington says will not be extended. Payment for the Iranian cargoes is a complicated issue due to the US sanctions on Tehran,