Under Obama, Iran's crude and condensate exports fell by around 1.2 million barrels a day. Under Trump, it seems the decline will be bigger and faster.
Indian refiners had slashed purchases of Iranian crude to about half their previous levels when the UN, EU and US imposed a broad array of economic sanctions against Tehran.
Nobody is safe in a market where competition is stunted and choice limited. For the industry, meaningful reform will have to start with the government itself.
Data shows re-alignment in India’s exports, with Tamil Nadu & Telangana posting strong growth in 2024-25 as traditional heavyweights Gujarat & Maharashtra see declines. Gujarat still leads, though.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Joker opposition. What has sanction by USA n allies has to do with modi . Since 60 yrs u made India so weak that unfortunately it has to be obeyed . But dobt worry had made alternative plan
Joker opposition. What has sanction by USA n allies has to do with modi . Since 60 yrs u made India so weak that unfortunately it has to be obeyed . But dobt worry had made alternative plan