Business Standard

Iran development a warning signal

India has tried to reduce dependence on oil by encouraging renewable sources of energy and production of electric cars and buses


TNC Rajagopalan
Last week, the United States government said it would not extend its earlier exemption from sanctions to some countries importing oil from Iran. The Trump administration hopes to thus force Iran to negotiate a new deal, on the latter’s nuclear and allied activity, and alleged bad behaviour across the region. 

Last year, the US had re-imposed sanctions on Iran’s energy, ship building, shipping and banking sectors. However, waivers were granted to eight main buyers of Iranian crude — India, China, Greece, Italy, South Korea, Japan, Turkey and Taiwan. The stated aim was to give the latter time to find alternative sources
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Apr 28 2019 | 9:47 PM IST

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