US Sanction On Iran

Iran is India's third-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018 (first 10 months of fiscal 2017-18)

Imposition of the sanctions was delayed for 180 days in order to allow exporters of humanitarian goods to Iran sufficient time to find alternate shipping methods, says Pompeo

"The sanctions waiver covering these activities will end following a final, 60-day wind-down period allowing companies and entities involved in these activities to cease their operations," Pompeo says

Tehran has repeatedly called on Washington to reverse its policy, which has been opposed by US allies, particularly since the COVID-19 pandemic hit

Mnuchin said President Donald Trump will issue an executive order imposing sanctions on anyone involved in the Iranian textile, construction, manufacturing or mining sectors

India's imports from Iran has already gone down to 1.7 million tonne in the current financial year, from 23.9 mt in 2018-19

This comes at a time of increasing imports from the US, which rose from 1.9 mt in 2017-18 to 6.2 mt in 2018-19. In H1FY20, India imported 5.4 mt from the US.

Jaishankar was responding to a question that Iranians were disappointed with India's decision not to buy oil from them to avoid American sanctions regime

Iran president had claimed that US offered to lift all sacntions

We have no evidence that India is running afoul of US sanctions, Special US Representative to Iran, Brian Hook, told reporters at the Foreign Press Centre

Iran has long been secretly 'enriching,' in total violation of the terrible $150 billion deal made by John Kerry and the Obama Administration, Trump said

The president said military action 'is always on the table' against Iran

Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said here on Friday. "Our public sector companies have already placed orders for the month of November with Iran," said Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum & Natural Gas. "Iran, historically, has been a key supplier of crude for India," he stressed after presenting investment opportunities in the Indian Strategic Petroleum Reserve programme Phase II (ISPR) to Singapore-based investors. "In India, we are guided by our consideration for energy security," Sudhir said. He also said Indian officials were in talks with the US on waivers relating to Washington's sanctions on dealing with Iran. Sixty-five per cent of India's crude supply comes from the Middle East from Iraq, Saudi Arabia and Iran. The other two main suppliers are Venezuela and Nigeria. Crude oil supply from the US has been choked due t