India hopes to secure a waiver from US sanctions on Iran before they take effect on Nov. 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday. The United States is imposing new sanctions on Iran's oil industry after Washington withdrew from a nuclear deal between Tehran and other global powers. Washington said on Friday it was considering waivers for nations that were reducing imports of Iranian oil. The announcement, the first indication Washington was considering such waivers, followed a Reuters report that India planned to ...
After cutting Iran oil imports, India wants sanctions waiver from US
New Delhi needs a waiver to ensure its wider exposure to the US financial system is not affected