Last week, Britain impounded an Iranian oil tanker in Gibraltar, claiming that the vessel was carrying oil to Syria in violation of the European Union’s sanctions. A senior adviser to the Iranian government responded that if Britain failed to release the vessel, Iran would be forced to seize a British tanker.
Coming on the heels of Iran shooting down an American drone that had allegedly violated its airspace and US President Donald Trump’s subsequent revelations about his administration’s unimplemented plans for retaliation, the latest incident underscores the risks that lurk in the mounting confrontation between the United States and Iran.
India has, so far, focused on coping with American sanctions on importing oil from Iran. The Narendra Modi government should, however, look ahead at potential challenges, especially if the stand-off escalates in the Persian Gulf and threatens larger flows of oil. Read More
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