India bid to avert Iran oil ban

India bid to avert Iran oil ban

India will attempt a last-minute aversion of the American guillotine on oil imports from Iran at a forthcoming meeting with senior US State Department officials this week.

US Secretary of State Mike Pompeo today dropped a bombshell that sent crude prices soaring by announcing that Washington has decided not to exempt any country from its diktat of not importing Iranian oil from May 2.

India had been hoping the US would continue to exempt it and sought to partially accommodate US wishes by gradually cutting down on purchase of Iranian oil. Read More

Leave a Reply

Your email address will not be published.