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Too early to predict sanctions impact on Iran imports: Dharmendra Pradhan

This kind of geopolitical (tension) affects both consuming and producing countries. We have to live with the reality of the present geopolitics, Pradhan said

Reuters 

Oil minister Dharmendra Pradhan said on Saturday it was too early to predict the impact of US sanctions on his country's imports of Iranian oil. Pradhan told Reuters during a visit to the United Arab Emirates that he was "a little bit concerned" about the impact of an oil price rise on consuming countries but that he did not think oil supply will be an issue. "Let's see how things are moving. It's too early to predict in one way. We are watching very carefully." "This kind of geopolitical (tension) affects both consuming and producing countries. We ...

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First Published: Sat, May 12 2018. 23:50 IST
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