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Sushma Swaraj asks US for Iran oil import waiver, says vast amount of Iranian energy cannot be replaced overnight
Fp Staff •Swaraj spoke to Pompeo during the weekend over the phone and urged the US Secretary of State to consider India’s current situation
Will Iranian oil shutdown hurt India?
Rashmee_roshan_lall •Iran is among its leading oil suppliers, but India seems unconcerned by American threats
Hassan Rouhani calls US sanctions 'economic terrorism', warns it will hurt Iran's efforts to fight drugs and terror
•"America's unjust and illegal sanctions against the honourable nation of Iran have targeted our nation in a clear instance of terrorism," Rouhani said in a televised speech.
'If Iran cannot export oil then no Gulf country will': Hassan Rouhani strikes defiant stance against US sanction
•Since the 1980s, Iran has said repeatedly it would blockade the Gulf in response to international pressure but has never carried out the threat.
National Security Advisor John Bolton says US going extra lengths to find substitute for Iranian oil for countries like India
•According to John Bolton, as the second wave of sanctions come back onto Iran on 4 November, the objective of the Trump administration is to put maximum pressure on the government in Tehran.
India to continue buying Iran's oil, says Iranian foreign minister Javad Zarif ahead of US sanctions aimed at halting Tehran's oil exports
•India is committed to buying Iranian oil and continuing the two nations’ economic cooperation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of US sanctions aimed at halting Tehran’s oil exports.
Exemption from Iran oil sanctions only for 6 months: US
Fp Archives •The clarification came days after US Secretary of State Hillary Clinton determined that seven countries including India would be exempted from the Iranian sanctions act, noting that these countries have "significantly" reduced their dependence on Iranian oil.
Disruption in Iran oil supply will make crude costlier: IMF
Fp Archives •India heavily depends on import for its crude oil requirement. The country imports 110-120 million tonnes of oil every year.