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    HomeNewsBusinesscommoditiesIndia ready to deal with impact of US sanctions on Iran

    India ready to deal with impact of US sanctions on Iran

    India was Iran's top oil client after China. However, New Delhi has stopped purchases of Iranian oil from May after the United States ended six months of waiver that had allowed OPEC member Iran's eight top customers including India to import limited volumes.

    Reuters
    May 02, 2019 / 17:12 IST

    India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar told a news conference on May 2.

    India was Iran's top oil client after China. However, New Delhi has stopped purchases of Iranian oil from May after the United States ended six months of waiver that had allowed OPEC member Iran's eight top customers including India to import limited volumes.

    Reuters
    first published: May 2, 2019 05:09 pm

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