After India-US relations soured over India’s oil imports from Iran, Iran has put India in a spot of bother now. As India mulls to cease oil imports from Iran and rather import crude oil from Saudi Arabia and the US, Iran has issued stringent warnings to India. Iran’s diplomat in Delhi said that if India stops importing oil from Iran then Iran will abrogate ‘special privileges’ for India.
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The Iranian diplomat said on 10th July that Iran has helped India as and when India needed. He said that Iran has helped India significantly on strategic issues like energy and connectivity yet India has not kept up its promises of investment in the Chahbar port. He delivered these words at the conference organised by the All India Minorities Front in New Delhi.
Iranian Diplomat Warns India
He further added that Iran has always been an open market to India be it for petroleum, urea or other areas of energy cooperation and Iran has always understood what India needed. He warned India against importing oil from the US, Saudi Arabia, Russia and others and said that if this happens then Iran will deprive India of all special privileges which have been extended to it.
US warnings to India against oil imports from Iran
After pulling out of the Iran Nuclear Deal, the US has asked India to stop importing oil from Iran. As a part of India-Iran Oil Deal, India is among the major importers of oil from Iran. However, the US has ruled out any exceptions to India-Iran trade amid massive US sanctions coming Iran’s way.
The US has asked all countries to stop importing oil from Iran. China and India are among the largest importers of oil from Iran. Now after the US pulled out from the Iran Nuclear Deal, India has been in a dilemma over India-Iran trade especially that of oil. The US has directed all countries to stop all their oil imports from Iran by November 4 in a bid to isolate Iran’s funding channels.
The US officials stated that Indian companies will have to face the same sanctions as others if they continue to engage in sanctions areas of the economy. The US wants India-Iran oil trade to drop down to zero. The US officials explained that this is a part of the Trump Administration’s plans of isolating Iran’s funding streams.
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