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.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
The good old Essential Commodities Act. Even older than me.