India’s Iranian Conundrum: Keeping Scales Balanced


India’s Iranian Conundrum: Keeping Scales Balanced

India seems to be caught in the crossfire between its biggest trading partner and one of its largest oil exporters. As the United States tries to choke Iran into withdrawing its missile and nuclear programme, India needs to make a tough choice. With the November 4 cut-off date less than four months away, India has to decide whether it can reduce the oil imports from Iran to zero as directed by Washington.

Iran is the second biggest crude oil supplier to India. In 2016, New Delhi had maintained crude oil imports at 2013-14 levels from Iran and even set a target of reducing its energy dependency on Iran from 77 per cent in 2013-14 to 67 per cent by 2021-22. Read More

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