India Unlikely To Stop Crude Oil Imports From Iran


India Unlikely To Stop Crude Oil Imports From Iran

The ministry of external affairs (MEA) on Thursday said that country won’t stop crude oil imports from Iran, sources privy to the developments told CNBC-TV18.

MEA has reiterated that it will do everything to fulfil the country’s energy needs as US sanctions are due to go into effect by November 4, said people familiar with the matter.

US President Donald Trump in May withdrew from the 2015 nuclear accord with Iran, re-imposing economic sanctions against the Persian Gulf nation. Some sanctions took effect from August 6 while those affecting the oil and banking sectors will start from November 4. Read more

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