Commodities India’s oil bubble — and what lies ahead Updated : April 23, 2019 02:17 PM IST The eight countries that got waivers are China, India, South Korea, Turkey, Italy, Greece, South Korea , Japan. Of these China, India and Turkey are the biggest importers of Iran oil and will be most impacted. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.