Indian Refiners In No Rush To Seek Alternatives To Iranian Oil


Indian Refiners In No Rush To Seek Alternatives To Iranian Oil

Indian refiners said on Wednesday they were in no hurry to replace Iranian oil with alternatives, counting on the fact that many Western countries have so far declined to join the United States in pulling out of a nuclear deal with Tehran.

U.S. President Donald Trump said on Tuesday he would reimpose economic curbs on Iran after withdrawing the United States from the 2015 agreement that lifted sanctions against Tehran in exchange for limits on its nuclear programme.

But the leaders of Britain, Germany and France, which were signatories to the deal along with China and Russia, said in a joint statement that Trump’s decision was a cause for “regret and concern” and were seeking to salvage the deal. Read More

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