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.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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.