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India hopes US will allow allies to continue to buy some Iranian oil

India, Iran's biggest oil client after China, has almost halved its Iran oil purchase since November

Reuters  |  New Delhi 

India hopes the US will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with US-India talks said on Monday. The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest for 2019 so far. "They (the US administration) have to take care of their allies, strategic partners. Under sanctions from the beginning, there was talk of a ...

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First Published: Mon, April 22 2019. 15:17 IST