Iran Crude Imports To India

• 15 May 2019

Why is it in News?

Indian External Affairs Minister has conveyed to Iran’s visiting Foreign Minister that India will take a call on purchase of Iranian energy keeping in mind the commercial considerations, energy security and economic interests.

What led to this?

• The discussions come in the backdrop of escalating tensions in the Gulf after the U.S. waivers to India for supply of Iranian energy ended on May 2.
• After the imposition of sanctions Iran has declared that it would no longer be bound by the 2015 nuclear deal.

Relevance of the News:

Iran is an important oil source for India and US sanctions have hit both the countries interests.

India’s Position amid Sanctions:

India expects all parties to the agreement to continue to fulfill their commitments and all parties should engage constructively and resolve all issues peacefully and through dialogue