Tensions between Iran and the United States have been steadily escalating for months. After a US strike killed a top Iranian commander last week and Iran launched retaliation strikes on Wednesday.
Iran has suggested in recent weeks that it could take military action in the Gulf to block other countries' oil exports in retaliation for US sanctions intended to halt its sales of crude
The U.S. president's decision to withdraw the U.S. from the agreement has given succour to the hard-line skeptics whose mantra all along has been that you can't trust the Americans.
An increase in oil prices can turn out to be a blow for India as with every $1 rise increase in crude oil prices, the impact on the current account deficit is likely to be around $1 bn
Trump said the United States would withdraw from a 2015 international agreement designed to deny Tehran the ability to build nuclear weapons, and also reinstate sanctions on Iran
Trump seems prepared to argue that the deal is no longer in the United States' vital national security interest because of Iran's other activities in the Middle East, including support for terrorism
