Article

2018-07-22 India-Pakistan

India looks to balance US strategic ties with ‘cheap’ Iranian oil

[ENGLISH.ALARABIYA.NET] India today finds itself in the center of a tug of war. If the United States, a strategic partner, is pushing it to drastically reduce its oil imports from Iran; then Iran, an old ally, is asserting its strategic value in terms of not just oil but also the Chabahar port.

This week saw first the visit of the Iranian Foreign Minister to India, quickly followed by the visit of a delegation from the United States. It is learnt that both visits had one common agenda and that was to discuss India’s import of oil from Iran.

President Trump pulled out of the Iran Nuclear deal in May this year and brought back the economic sanctions against the country, which has placed allies like India in a tricky situation.

The US has told India and other countries to cut oil imports from Iran to “zero” by November 4 or face sanctions. The first set of US sanctions will kick in from August 6. Iran is India’s third-largest oil supplier after Iraq and Saudi Arabia.

Posted by Fred 2018-07-22 00:00|| || Front Page|| [11130 views ] Top
File under: Govt of Iran

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