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Will deal with nations importing Iranian oil after November 4, warns Trump

India has its own energy requirements which it has to fulfill


Donald Trump
FILE PHOTO: US President Donald Trump | Photo: Reuters

President Donald said on Wednesday that the US "will take care" of the countries which will continue to import after the November 4 deadline when US sanctions on purchases take effect.

"We will take care of them," told reporters when asked about the decision of some countries like India and China to continue to purchase

Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude in November.

ALSO READ: US sanctions shows alarming signs of unilateralism in global ties: Iran

He had said that India has its own energy requirements which it has to fulfill. Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) together have placed the order for 1.25 million tonnes (MT) of crude oil from Iran.

ALSO READ: India will buy Iran oil despite US sanctions, says Dharmendra Pradhan

in May withdrew from the 2015 nuclear accord with Iran, re-imposing economic sanctions against the Persian Gulf nation. Some sanctions took effect from August 6 while those affecting the oil and banking sectors will start from November 4. Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia.

First Published: Thu, October 11 2018. 12:36 IST