US Allowing Buying Iranian Oil Upholds Consuming Nations’ Interest: Pradhan


US Allowing Buying Iranian Oil Upholds Consuming Nations’ Interest: Pradhan

The US decision to let India keep buying oil from Iran after reimposition of sanctions on the Persian Gulf nation is a reassertion that interests of consuming nations can not be ignored, Oil Minister Dharmendra Pradhan said Saturday. The US administration has allowed India and other seven countries to keep importing oil from Iran, despite its reimposition of crippling sanctions on the Persian Gulf nation from November 5.

“Hon’ble Prime Minister’s forceful campaign has been that you can’t ignore interests of consuming countries. Understanding geo-political situation, India has been able to get its way. The US has given waiver to some countries including India,” Pradhan told reporters on the sidelines of an agreement signing event between CSC e-Governance Services and oil marketing companies – BPCL, India Oil and HPCL.

US Secretary of State Mike Pompeo said Friday that the US would temporarily allow eight countries to continue buying Iranian oil even after enforcing its sanctions on Tehran. Read more

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