India and China Defy Trump on the Iranian Oil Boycott


India and China Defy Trump on the Iranian Oil Boycott

Energy security is a top priority for a nation unable to meet the demand for hydrocarbons domestically. That is the key to understanding why India and China have refused to fall in line with US President Donald Trump’s ban on dealings with Iran’s oil, banking and transport sectors.

Last year, Iran was the third largest supplier of petroleum to India, after Iraq and Saudi Arabia. And it was the fourth third most important crude oil source for China after Russia, Saudi Arabia and Angola.

As in 2012 during the presidency of Barack Obama in the US, so now, India and China declared that they are bound only by the sanctions on a country imposed by the United Nations Security Council. Read more

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