Turkey will keep importing Iranian crude

Turkey will keep importing Iranian crude

Turkey will not heed the State Department’s call on US allies to stop importing Iranian crude oil by November 4, when the latest sanctions will kick in.

India braces for life without Iran oil, mulls Plan B

India braces for life without Iran oil, mulls Plan B

India appears to be bracing for life without Iranian oil and preparing Plan B after the US administration under President Donald Trump has declared zero tolerance against any country or entity that flouts its diktat to stop buying crude from Iran after November 4 + when the 180-day wind-down period ends.

US curbs on oil imports from Iran is a new worry for India

US curbs on oil imports from Iran is a new worry for India

The outlook on crude oil is getting murkier. The US wants India and other countries to stop importing oil from Iran by 4 November, as sanctions loom. India imports almost 80% of its oil requirements and Iran is its third-largest supplier. The country’s share in India’s import volumes was 10.4% in FY18.