India will decide on importing crude oil from Iran based on national interest, reported Livemint quoting a source. This statement comes in the wake of fresh sanctions on Iran after US President Donald Trump decided to pull out of the nuclear deal with Iran. Teheran is the third largest supplier of crude oil to India.It is also considered a gateway to Afghanistan as India gets access to the war-torn country through the Chabahar port.
The first set of sanctions will be kicking in from August. However, the US is willing to work with countries on cutting of crude oil imports from Iran on a case-to-case basis. According to to The Hindu, US officials had given “informal indications” that they understood India’s reason for making progress in developing the Chabahar port. Read More