Tag Archives: Government of India

Efforts now need to be made on devising a financial mechanism to overcome the US sanctions.

The upcoming sanctions on Iran provide a golden opportunity to commercialise more US oil in the Indian market.

India and Iran also had extensive deliberations on ways to deal with the impact of US sanctions.

India was in touch with Iran on several issues. including on US’s withdrawal from the Iran nuclear deal. signed in 2015.

Shipping to Iran and ports in the country are also coming under the US sanctions.

Iran has always been a reliable energy partner for India and others.

US oil producers likely to eye Indian market as tariff war with China escalates.

The South Asian giant consumes almost 22 million metric tonnes a year of liquefied natural gas.

The US has told all countries. including India and China. to stop their oil imports from Iran by November 4 or face sanctions.

The sanctions are to be operational in November sans any exemptions.