With US waiver, India’s Iranian oil imports to continue4 min read 06 Nov 2018, 08:42 AM IST
Iran had become a preferred supplier for India due to sweeteners such as 60-day credit, free insurance and shipping.
New Delhi: With eight countries including India, getting conditional waiver from the US to buy Iranian oil after it reimposed sanctions on the Persian Gulf nation, Indian oil importers have secured temporary reprieve. “We have decided to issue temporary allotments to a handful of countries responsible to specific circumstances and to ensure a well-supplied oil market. The US will be granting these exemptions to China, India, Italy, Greece, Japan, South Korea, Taiwan, and Turkey," US secretary of state Michael R. Pompeo said at a press interaction on Monday.