Oil Exports

US has long itched for war with Iran; India should prevent confrontation between its two allies to stave off ultimate damage

India should do what it can to ensure that our the US and Iran do not get into a confrontation that is meaningless and ultimately damaging to everyone, including the country.

US to sanction five countries, including India, for importing oil from Iran, say sources; Mike Pompeo to announce non-renewal of waivers today

The Trump administration is poised to tell five nations, including India, that they will face US sanctions if they keeping importing oil from Iran.

General election, trade war issues, crude oil prices: Stock market anticipating a volatile year ahead

Experts believe the overall movement for the benchmark Sensex may also end up in 2019 at around 5 percent, the same as 2018.

Hindustan Petroleum to buy crude from Iran in January after 6-month gap, says report

The United States in early November granted India a six-month waiver from sanctions against Iran’s oil exports.

India considers reducing crude oil imports, relying on stockpile after traders forecast prices to rise to $100 a barrel

The soaring crude oil prices are occurring at the same time emerging market currencies, such as India's rupee, are under pressure. That combination means Indian crude imports are 47 percent more expensive this year in rupee terms.

Iran will defeat Trump just like it did Saddam, says President Hassan Rouhani, vows not to abandon missiles

Iran has suggested in recent weeks that it could take military action in the Gulf to block other countries’ oil exports in retaliation for US sanctions intended to halt its sales of crude.

Donald Trump plans to hold UNSC meeting on Iran's alleged international law violations on 26 September, says Nikki Haley

On Donald Trump calling the UNSC meeting about Iran, she said the message to Tehran is that the world is watching its actions, whether supporting terrorism, launching ballistic missiles or selling weapons.

US national security advisor John Bolton says sanctions on Iran more effective than expected, notes 'devastating' economic impact

The Trump administration slapped back sanctions this month after withdrawing from the 2015 international nuclear deal with Iran. The US turnaround has outraged Iran

'Saudi America' will be a game changer for India

Once the US produces enough oil to export, the world's dynamics will change. India will have positive and negative effects when US turns net exporter of oil.

India to pay for Iran's oil via rupees through UCO Bank

Iran's supplies to India have been fraught with payment problems in the last 13 months. However, Iran is now ready to accept payment in rupees from India