US President Donald Trump, in a tweet, also asked why the US is protecting oil shipping lanes of other countries with ‘zero compensation’, and new US sanctions on Iran.
Indian decision comes amid pressure from the Trump administration, which had called on India and 7 other countries to stop the import of Iranian crude.
Donald Trump’s decision not to issue waivers to the importers of Iranian oil gives Saudi Arabia the chance to absorb Iran’s market share without compromising the price.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
Iran’s oil exports have fallen from 2.5 to 1 mbd , hurting the living standards of ordinary citizens. Their Foreign Minister had visited India before the general election, urging that we should continue to buy from them. He was told the new government would take an appropriate decision. The US sanctions lack the legitimacy of a UNSC resolution. One fine day, the two countries will kiss and make up, and we will look sheepish. 2. By its attack on Abqaiq, Iran has given a tutorial to Prince MbS, who now says war between the two countries will wreck the global economy. Given India’s stature, it should be intervening to help facilitate graceful solutions, not act like a camp follower.
Iran’s oil exports have fallen from 2.5 to 1 mbd , hurting the living standards of ordinary citizens. Their Foreign Minister had visited India before the general election, urging that we should continue to buy from them. He was told the new government would take an appropriate decision. The US sanctions lack the legitimacy of a UNSC resolution. One fine day, the two countries will kiss and make up, and we will look sheepish. 2. By its attack on Abqaiq, Iran has given a tutorial to Prince MbS, who now says war between the two countries will wreck the global economy. Given India’s stature, it should be intervening to help facilitate graceful solutions, not act like a camp follower.