US gives ‘narrow exemption’ to India from sanctions on Chabahar for aid: Official

News:According to US officials,the US has provided a rare exemption to India from sanctions on the Chabahar port in Iran. Facts: About Chabahar port: Chabahar port is a seaport in Chabahar in South-Eastern Iran.Its location lies in the Gulf of Oman.It is the only Iranian port with direct access to the ocean. The Chabahar Agreement… Continue reading US gives ‘narrow exemption’ to India from sanctions on Chabahar for aid: Official

US warns nations against buying Venezuelan oil

U.S National Security Advisor have warned countries and companies against buying crude oil from Venezuela, after the Latin American country’s Oil Minister during a visit to India said that Venezuela wants to sell more oil to the fast-growing Indian market. Venezuela is currently facing political and economic crisis due to a) opposition’s claim of President… Continue reading US warns nations against buying Venezuelan oil

India appreciates sanctions waiver

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

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

No pressure on India to buy F-16 fighters from U.S.: Envoy

No pressure on India to buy F-16 fighters from U.S.: Envoy News: A senior U.S. diplomat has stated that US in not going to put pressure on India to buy its F-16 fighter jets. Important Facts: 2. About F-16 fighter jets: The F-16 Fighting Falcon, manufactured by Lockheed Martin ( American global aerospace, defense, security… Continue reading No pressure on India to buy F-16 fighters from U.S.: Envoy