The world’s top oil buyers are discovering that US sanctions on Iran will squeeze their trade flows whether they agree with America or not.
It was only about three months ago that India’s Foreign Minister Sushma Swaraj, said that the country won’t adhere to unilateral restrictions and will continue buying Iranian crude. China also made similar comments and was said to have rejected an American request to cut imports. Japan and South Korea have held talks with the US aimed at securing exemptions.
Yet for all
Yet for all