The US on Monday is set to ask five nations, including India and China, to completely end their imports of Iranian oil or be subject to US sanctions, a media report said, a decision that comes about a year after America quit the Iran nuclear deal and imposed toughest ever sanctions on the Persian Gulf nation.
The move which is seen as an escalation of the US President Donald Trump administration’s “maximum pressure” on Iran comes after it last year gave temporary 180-days waiver to eight countries, including India, China and Japan among others.
The decision allowed them to continue buying Iranian oil as they showed “significant reduction” in oil purchase from Tehran, the Washington Post reported on Sunday. Read More
Latest posts by Financial Express (see all)
- Garib Rath trains are here to stay? Why Indian Railways had to clarify about these AC train services - July 20, 2019
- Oil climbs as Middle East tensions offset demand worries - July 20, 2019
- Focus Africa: President to visit three African countries, India’s energy security to be discussed - July 19, 2019