U.S. allows Iraq to import Iranian gas

The United States has allowed Iraq to import Iranian gas for its power grid for another three months by extending a waiver to US sanctions. Iraq has had several extensions to the waiver after US reimposed sanctions on Iran’s oil sector forbidding countries from purchasing Iranian energy. Iraq relies heavily on Iranian energy for power… Continue reading U.S. allows Iraq to import Iranian gas

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

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

We want all nations to stop buying Iran oil

The US has not ended the sanctions waiver provided to eight countries.It has allowed them to continue purchasing Iranian crude oil as these countries showed significant reduction in oil purchase from the Iran after United States had reimposed sanctions. The US had granted exemptions to (a)China (b)India (c)Italy (d)Greece (e)Japan (f)South Korea (g)Taiwan and (h)Turkey… Continue reading We want all nations to stop buying Iran oil