• Saturday, May 21, 2022

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US Allows India and Seven Others To Import Iranian Crude Oil Temporarily

Iranians drivers fill their tanks at a gas station in the capital Tehran on November 5, 2018. – Iran’s President Hassan Rouhani said the Islamic republic “will proudly bypass sanctions” by the United States that took effect on Monday targeting the country’s oil and financial sectors. (Photo by ATTA KENARE / AFP) (Photo credit should read ATTA KENARE/AFP/Getty Images)

By: Radhakrishna N S

The United States snapped sanctions back in place on Monday (5) to choke off Iran’s crude oil and shipping industry, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic. Having abandoned the 2015 Iran nuclear deal, US president Donald Trump is trying to cripple Iran’s crude oil-dependent economy and force Tehran to quash not only its nuclear ambitions and its ballistic missile program but its support for militant proxies in Syria, Yemen, Lebanon, and other parts of the Middle East. Washington has pledged to completely stop purchases of crude oil from…

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