Continued supplies is crucial for India as Tehran offers better credit terms than other Middle East oil producers
'Local and international shippers are not carrying Iranian cargoes despite India winning a waiver'
Economic terrorism is designed to create panic in the economy of a country, said Iran's President Hassan Rouhani
Iran is largest importer of basmati. India is considering barter as a mode of receiving payments
India is the world's third-biggest oil importer
India was one of the most vocal negotiators for an exemption from the US, as the government faced protests over rising fuel costs before national elections next year
US says Iran waivers intended to avoid oil-market shock
Jahangiri said he had spoken to a handful of managers from companies on the US sanctions list and that some had already formulated plans on how to deal with the measures
Mike Pompeo said that eight countries -- India, China, Italy, Greece, Japan, South Korea, Taiwan and Turkey -- were temporarily allowed to continue buying Iranian oil
India needs to find a mechanism to secure oil imports from Iran
The measure announced on Monday was 'interim' and only allowed the continuation of three non-proliferation projects
Of all the issues between Europe and the Trump administration, Iran has become the most divisive
The re-imposition of sanctions follows Donald Trump's withdrawal from the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action
India and China -- the two biggest buyers of Iranian crude-- have so far appeared to have skipped the punitive American sanctions targeting the Iranian oil and financial sectors
More than 700 'individuals, entities, vessels and aircraft' will be sanctioned, according to the White House
70% of small factories, businesses and workshops have already started to shut down in the past months due to lack of raw materials and hard currency
US oil futures climbed to a four-year high near $77 a barrel last month on growing concerns there could be a shortage as sanctions bite deeper
Earlier, in an interview with the Sean Hannity Show, US Secretary of State Mike Pompeo alleged that Iran was the world's largest state sponsor of terror
Pompeo said the European Union, which recently announced the creation of an economic channel to continue financial dealings with Iran, was not among those receiving waivers
Our objective is to force the regime into a clear choice, said Trump in a statement released by the White House