I stopped a strike on Iran, says Trump

The US President has said the US military was ready to retaliate against Iran but he called off the strike after being told 150 people would die. This statement came after Iran’s air force had shot down a US drone after the unmanned aircraft violated Iranian airspace. However,US military officials have said that the drone… Continue reading I stopped a strike on Iran, says Trump

Iran seeks ‘positive signals’ on n-deal

Iran President has said that Iran has decided to maintain its scale back of the landmark 2015 nuclear deal unless other signatories show positive signals. Iran had stopped complying with some commitments in the 2015 nuclear deal after the United States had unilaterally withdrew from the accord in 2018 and renewed sanctions on Iran. Further,Europe… Continue reading Iran seeks ‘positive signals’ on n-deal

U.S. positions Patriot missile off Iran

The US has decided to send a Patriot missile-defence system to the Middle East.US has taken this move against a possible threat to US forces in the region by Iran. However,Iran has described the deployments as psychological warfare aimed at intimidating the country. The Patriot is an advanced surface-to-air missile system intended to defend against… Continue reading U.S. positions Patriot missile off Iran

Can’t ensure cheaper oil for India,says US

US commerce secretary has said that the US government cannot ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies. Recently,India had stopped importing crude oil from Iran following the US move to end sanction waivers.Iranian oil was a profitable buy for India as supplies from Iran… Continue reading Can’t ensure cheaper oil for India,says US

Sushma asks U.S. for Iran oil import waiver

The Government of India has urged the United States to continue waiver on sanctions for India on import of Iranian crude oil after the May 2 deadline was imposed by the U.S. administration. India has also emphasised that it would not be easy for India an alternative source for 23.5 million tonnes of oil,which is… Continue reading Sushma asks U.S. for Iran oil import waiver

India may stop oil imports from Iran

Indian Government has said that it will stop importing crude oil from Iran following the US decision to end sanctions waivers. The shortfall in crude oil supply will be made from alternate sources available in Saudi Arabia,Kuwait,UAE and Mexico. India is the world’s third-largest consumer of oil with 85% of its crude oil and 34%… Continue reading India may stop oil imports from Iran

U.S. ends waiver for India on Iran oil

United States has announced that all buyers of Iranian oil will have to end their imports by May 2,2019 or face sanctions.The US has announced this to put maximum economic pressure on Iran and through sanctions it eventually aims to halt Iranian oil exports and thereby choke its main source of revenue. Earlier,the US had… Continue reading U.S. ends waiver for India on Iran oil

US to end sanctions waivers to India,7 other nations for Iran Oil Import: Report

According to a report,United States is expected to announce that all buyers of Iranian oil will have to end their imports shortly or face sanctions.This would increase the crude oil prices by about 3% In November 2018,US had re-imposed sanctions on exports of Iranian oil after US had unilaterally pulled out of a 2015 nuclear… Continue reading US to end sanctions waivers to India,7 other nations for Iran Oil Import: Report

Oil imports from Iran may be reduced as U.S. mulls waiver

Indian officials has been working closely with the United States to ensure that India gets a better deal on (a)the extension of the Iran oil sanctions waiver and (b)decision on withdrawing India’s preferential Generalised System of Preferences(GSP) status. During discussion with US officials,it was indicated that decision on the GSP withdrawal could be deferred until… Continue reading Oil imports from Iran may be reduced as U.S. mulls waiver

U.S. designates Iran’s elite military unit as a ‘terrorist organisation

The United States has designated Iran’s elite Islamic Revolutionary Guard Corps(IRGC) as a foreign terrorist organization.The US administration has accused the group of not only facilitating but perpetrating terrorism. It is the first time that the U.S. has designated an entity of another government as a terrorist organization.US has said that the move is part… Continue reading U.S. designates Iran’s elite military unit as a ‘terrorist organisation