India appreciates sanctions waiver News: The Ministry of External Affairs (MEA) has expressed appreciation for the United States’ waiver on India-Iran energy trade and the Chabahar Port project. Important Facts: Background: US has granted temporary waivers for Iran oil imports to eight countries including India owing to the significant reductions in their oil imports from… Continue reading India appreciates sanctions waiver
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U.S. imposes ‘toughest ever’ sanctions on Iran
U.S. imposes ‘toughest ever’ sanctions on Iran News: US has granted temporary waivers for Iran oil imports to eight countries including India owing to the significant reductions in their oil imports from Iran. Important Facts: India, China, Greece, Italy, Turkey, South Korea, Taiwan and Turkey are the eight major importers of Iranian oil who… Continue reading U.S. imposes ‘toughest ever’ sanctions on Iran
Iran oil: India likely to be exempted from U.S. sanctions
Iran oil: India likely to be exempted from U.S. sanctions News: India is likely to be one of eight countries which can temporarily import oil from Iran post sanctions from US beginning on November 5. Important Facts: Relaxation from US sanctions come aftermath these countries (including India) have made “significant reductions” in oil imports from… Continue reading Iran oil: India likely to be exempted from U.S. sanctions
