The new government at the Centre, after May 23, will soon be called to address the emerging challenges in the Gulf. The Trump administration has tightened sanctions against Iran, moved its military naval ship from Cairo to the Gulf and kept its military base in Qatar and navy in the Arabian Sea on the high alert to meet any threatening contingencies from Iran.
The USA has further withdrawn the sanction waiver to India, China and Turkey, which had allowed them to import the oil from Iran. This has prompted Iranian Foreign Minister to visit the capital of India, Turkey, China and Japan to elicit assurance from these countries to continue to import the Iranian oil despite the US withdrawal of sanction waiver.
These countries are the biggest buyers of Iranian oıl and the sudden drop in the export of oil to these countries would adversely affect the already fragile economy of Iran. Read More
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