{"id":208995,"date":"2022-10-01T19:43:03","date_gmt":"2022-10-01T14:13:03","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=208995"},"modified":"2022-10-01T19:44:19","modified_gmt":"2022-10-01T14:14:19","slug":"u-s-imposes-sanction-against-indian-petrochemical-company-for-clandestine-iran-oil-purchases","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/u-s-imposes-sanction-against-indian-petrochemical-company-for-clandestine-iran-oil-purchases\/","title":{"rendered":"U.S. imposes sanction against Indian petrochemical company for \u2018clandestine\u2019 Iran oil purchases"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article <\/span><b>\u201c<\/b><b>U.S. imposes sanctions against Indian petrochemical company for \u2018clandestine\u2019 Iran oil purchases<\/b><b>\u201d<\/b><span style=\"font-weight: 400;\"> published in <\/span><b>The Hindu <\/b>on<b> 1st October 2022.<\/b><\/p>\n<h5><b>What is the News?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The US has imposed sanctions on Mumbai-based firm Tibalaji Petrochem Pvt. Ltd for carrying out the oil trade with Iran.<\/span><\/p>\n<h5><b>Background<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">In 2018, the U.S administration decided to walk out of the nuclear deal or <\/span><a href=\"https:\/\/forumias.com\/blog\/relevance-of-the-jcpoa-joint-comprehensive-plan-of-action-iran-nuclear-deal\/\"><span style=\"font-weight: 400;\">Joint Comprehensive Plan of Action (JCPOA) <\/span><\/a><span style=\"font-weight: 400;\">with Iran. It has also imposed several sanctions on Iran.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India has officially refused to endorse the \u201cunilateral sanctions\u201d of the U.S. But <\/span><span style=\"font-weight: 400;\">India stopped buying oil from Iran in 2019 in the wake of sanctions imposed by the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prior to this, India was the second-largest buyer of Iranian oil after China.<\/span><\/p>\n<h5><b>What is the significance of this US sanction on an Indian-based firm?<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">This is the first time that an India-based entity has been sanctioned by the US for involvement in dealing with Iranian petroleum products.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cU.S. imposes sanctions against Indian petrochemical company for \u2018clandestine\u2019 Iran oil purchases\u201d published in The Hindu on 1st October 2022. What is the News? The US has imposed sanctions on Mumbai-based firm Tibalaji Petrochem Pvt. Ltd for carrying out the oil trade with Iran. Background In 2018,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/u-s-imposes-sanction-against-indian-petrochemical-company-for-clandestine-iran-oil-purchases\/\">Continue reading <span class=\"screen-reader-text\">U.S. imposes sanction against Indian petrochemical company for \u2018clandestine\u2019 Iran oil purchases<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,164,9],"tags":[10498],"class_list":["post-208995","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-international-relations-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704867446},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/208995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=208995"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/208995\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=208995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=208995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=208995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}