• Wednesday, August 17, 2022

Business

India Will Continue to Purchase Iran’s Crude Oil: Iranian Foreign Minister

Washington is pushing allies to cut Iranian oil imports to zero once the sanctions start on November 4. (Photo by Fatemeh Bahrami/Anadolu Agency/Getty Images).

By: Radhakrishna N S

India is committed to buying Iranian crude oil and continuing the two nations’ economic co-operation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of US sanctions aimed at halting Tehran’s oil exports. US president Donald Trump’s May withdrawal from an international nuclear pact with Iran was followed up with plans to impose new sanctions against the third-largest producer among the Organization of the Petroleum Exporting Countries (OPEC). Washington is pushing allies to cut Iranian oil imports to zero once the sanctions start on November 4. Iran’s foreign affairs minister Mohammad Javad Zarif met his Indian counterpart,…

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