Sputnik — US Sanctions on Iran Puts India in Catch-22 Situation

Summary:
US sanctions on Iran are poised to drastically cut the profit margins of Indian oil companies that have already committed huge future imports. Moreover, India cannot afford to turn its back on its engagements with Iran, considering the recent headway made by China in enhancing ties with the oil-rich country, according to analysts. Sputnik InternationalUS Sanctions on Iran Puts India in Catch-22 Situation

Topics:
Mike Norman considers the following as important: India, Iran, Oil, sanctions

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