US threatens sanctions on India for Iran oil imports; says, ‘no exemption’ for anyone dealing with Iran


US threatens sanctions on India for Iran oil imports; says, ‘no exemption’ for anyone dealing with Iran

Issuing a strict warning, the US on Wednesday threatened all countries including India and China to stop oil imports from Iran or face sanctions. There would be ‘zero’ waivers to any nation dealing with Iran, the US said, PTI reported.

“On China and India, yes, certainly,” PTI reported citing an unidentified state department official when asked if the US has told all countries, including India and China, to stop all their imports of Iranian oil by November 4.

After Iraq and Saudi Arabia, Iran is the third-largest oil supplied globally. During April 2017 and January 2018 (first 10 months of 2017-18 fiscal), Iran supplied 18.4 million tonnes of crude oil.

In May, the US withdrew from the Iran nuclear deal to create more pressure against Tehran’s atomic programme. The Donald Trump administration issued foreign companies either 90 or 180 days to wind down their business with Iranian companies. Read More

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