"Water of Love" is a song written by Mark Knopfler and originally released on Dire Straits' self-titled debut album. It was also released as a single in the Netherlands in October 1978 and in Australia in December 1978 as a follow-up to the band's first single "Sultans of Swing". The single reached number 28 in the Netherlands and number 54 in Australia. The song was also included on Dire Straits live album Live at the BBC and on the multi-artist compilation album More Than Unplugged.

Dire Straits is the debut studio album by the British rock band Dire Straits, released on 9 June 1978 by Vertigo Records internationally, Warner Bros. Records in the United States and Mercury Records in Canada. The album features the hit single "Sultans of Swing", which reached number 4 on the Billboard Hot 100 chart and number 8 on the UK Singles Chart. The album reached the top of the album charts in Germany, Australia and France, number 2 in the United States and number 5 in the United Kingdom. Dire Straits was later certified double platinum in both the United States and the United Kingdom by the Recording Industry Association of America (RIAA) and the British Phonographic Industry (BPI) respectively.