India hopes to secure a waiver from U.S. sanctions on Iran before they take effect on Nov. 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday.
The United States is imposing new sanctions on Iran’s oil industry after Washington withdrew from a nuclear deal between Tehran and other global powers. Washington said on Friday it was considering waivers for nations that were reducing imports of Iranian oil.
The announcement, the first indication Washington was considering such waivers, followed a Reuters report that India planned to lift some Iranian oil in November although it has been cutting back on Iranian imports recent months. Read More
Latest posts by Business-Standard.com (see all)
- MEA delegation visit Agartala-Akhaura railway site - February 19, 2019
- Infrastructure companies eye litigation funding to settle claims - February 18, 2019
- India feasting on Venezuelan oil as United States bans its imports - February 18, 2019