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