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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

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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 International
US Sanctions on Iran Puts India in Catch-22 Situation


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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