• Thursday, March 28, 2024

Business

India warned to rethink Iran and Russia trade ties

By: Eastern Eye Staff

US ENVOY NIKKI HALEY THREATENS SANCTIONS THE US ambassador to the UN, Nikki Ha­ley, last Thursday (28) urged India to re­consider its ties to Iran, one of its key en­ergy suppliers, as fresh US sanctions on buyers of Iranian oil loom. Washington has stepped up pressure on major Iranian customers to stop importing its oil, warning that no trading partner will be exempt from new economic sanctions when they bite from November 4. India imports the overwhelming majority of its oil, and Iran is the third-largest sup­plier to the nation of 1.25 billion. Haley said she understood India “can’t change its…

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