India diesel exports to SE Asia hit 7-year high in March due to Iran war, data shows

India's diesel exports to Southeast Asia hit a seven-year high in March, driven by traders covering short positions and refiners capitalizing on Asian profit margins. This surge, largely by Reliance Industries, helps alleviate supply tightness, with analysts predicting the trend's continuation despite export taxes. The U.S. stance on Russian and Iranian oil purchases enables India to maintain refinery capacity.