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Thursday, 18 October 2018

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US sanctions on Iran - India oil deals

Prior to the introduction of sanctions on Iran from next month, India has said that the problem of availability of oil is not large, but due to the fear of losing a large oil supplier, the prices of fuel are increasing and further There is a possibility of growing. Due to restrictions on the large oil supplier, market sentiment has also worsened.
Preventing the question of seeking exemption in US sanctions to buy oil from Iran, Union Petroleum Minister Dharmendra Pradhan said that he has kept the country's opinion about this and he has nothing to say on this.
Last week, Pradhan had said that two government refineries had imported 1.25 million tonnes of oil import from Iran for November. US President Donald Trump pulled back with the nuclear deal in 2015 with Iran. After this Trump imposed economic sanctions on Iran.
Some restrictions on Iran were implemented on August 6. The ban imposed by oil and banking sectors will be effective from November 4. After the implementation of these restrictions, it will be difficult to buy oil from Iran for the dollar.

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