Self-interest must guide our actions
13 years, 1 month ago

Self-interest must guide our actions

Hindustan Times  

The signature on the February 13 bomb attack on the Israeli embassy staffer in New Delhi was unmistakably Iranian and the handiwork of its secretive Al Quds force with a high degree of deniability built into it. Even though the attack was part of the extended covert war played out by Israeli and Iranian intelligence agencies since 2008 — with the former out to covertly eliminate scientists helping Tehran's nuclear programme — New Delhi should be seething in anger as India has become the new battleground in this war. The incident indicates that Iran believes that India is part of the western effort to defang its nuclear capabilities and in many ways a betrayal of New Delhi's trust, as the UPA government has exercised considerable strategic autonomy when it has come to Tehran. While both Tel Aviv and Washington are using the bomb attack to pump up India to take action against Iran, New Delhi's action should be dictated by its own interests. Indian diplomatic efforts should be targeted at Iran to explain that New Delhi has been publicly opposed nuclear weapons in West Asia and is not part of any Zionist conspiracy to dismantle Tehran's nuclear capabilities.

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History of this topic

Donald Trump sanctions 4 Indian firms: Here is why
1 month ago

Donald Trump sanctions 4 Indian firms: Here is why

Live Mint  

The Donald Trump administration has imposed sanctions on four Indian companies for their alleged involvement in Iran’s petroleum and petrochemical industry. This marks the second round of sanctions targeting Iranian oil sales since President Donald Trump issued a national security memorandum on Feb 4, ordering a campaign of maximum pressure on Iran, the state department said in a press statement. …

US Sanctions May Raise India’s Oil Import Bill
1 month, 3 weeks ago

US Sanctions May Raise India’s Oil Import Bill

Deccan Chronicle  

Chennai: US sanctions on Russia’s oil industry and rupee depreciation could see India’s crude oil import bill going up by 8-9 per cent in the coming months. Of these 183 vessels, 30 per cent carry oil to India and in the first 11 months of 2024, 37 per cent of India’s oil import was from Russia. This would see India’s …

Fresh US sanctions on Russian oil unlikely to have immediate impact on India
2 months, 2 weeks ago

Fresh US sanctions on Russian oil unlikely to have immediate impact on India

Live Mint  

New Delhi: US’s fresh sanctions on two Russian oil producers along with tankers are unlikely to have an immediate impact on India for about the next two months as the crude required for this period has already loaded on vessels and is in transit, a top government official said. Strategic oil sourcing Russia has emerged as the top supplier of …

Iran Asks India To Resume Oil Trade, Relax Visas
2 months, 4 weeks ago

Iran Asks India To Resume Oil Trade, Relax Visas

ABP News  

The new Iranian administration under President Masoud Pezeshkian is planning to give a renewed push for resumption of oil trade with India even as Tehran is seeking expansion of people-to-people ties with New Delhi by way of visa relaxation, according to a senior Iranian official. We understand why India has to follow the sanctions but trade is falling year-on-year which …

US ‘concerned’ about ‘India-Iran Chabahar port’ deal: ‘Force of terrorism not only in Middle East but other places’
10 months, 2 weeks ago

US ‘concerned’ about ‘India-Iran Chabahar port’ deal: ‘Force of terrorism not only in Middle East but other places’

Live Mint  

Noting that countries should be aware of ‘interacting with Iran as it exported terrorism’, US Ambassador to India Eric Garcetti recently said ‘it directly attacks other sovereign nation. All you need to know about India-Iran Chabahar port’ deal India and Iran recently signed a 'long-term main contract" for the development of Shahid Beheshti Port Terminal in Chabahar city of Iran. …

Watch | Israel-Iran strikes | Can India escape being caught in conflict?
11 months, 1 week ago

Watch | Israel-Iran strikes | Can India escape being caught in conflict?

The Hindu  

News breaking now of multiple strikes by Israel on bases and nuclear facilities in Iran are further driving up tensions in the region- while the two countries have had a shadow war between them for 45 years, we have not seen such openly direct strikes on each other thus far. Iran protested this was a violation of UN conventions, the …

The turning tides of US sanctions: India caught between a rock and a hard place
1 year, 3 months ago

The turning tides of US sanctions: India caught between a rock and a hard place

Live Mint  

The recent escalation of US sanctions against Russia seems to have significant consequences for the Indian market. In the context of the US' secondary sanctions targeting Russia, India too can resort to such countermeasures to provide an avenue of insulation for its fiscal priorities and market interests. Forms of countermeasures Bilateral negotiations and conditional waivers The US government can authorize …

'Iran ready to give special priority to India on crude oil but....': Dy FM presses to use rupee for trade
1 year, 8 months ago

'Iran ready to give special priority to India on crude oil but....': Dy FM presses to use rupee for trade

India TV News  

'Iran ready to give special priority to India on crude oil but. ': Dy FM presses to use rupee for trade "This is on our agenda, using our national currencies in our trade, commercial and economic exchanges particularly the example of India. We have made good progress in this.Hopefully, this could take new momentum and we could see widespread use …

U.S. will not sanction India for buying Russian oil, say senior American officials
2 years, 1 month ago

U.S. will not sanction India for buying Russian oil, say senior American officials

The Hindu  

The United States does not intend to sanction India over its continued purchase of Russian oil, senior American officials have said, calling New Delhi one of their most “consequential” partners. Ahead of a week-long visit to India by U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt, where the response to the war in Ukraine will be on the agenda, the …

Iran offers China-style strategic deal for India
2 years, 3 months ago

Iran offers China-style strategic deal for India

Live Mint  

Iran has offered India a strategic cooperation pact on the lines of a deal it signed with China in 2021, two people aware of the matter said, as the sanctions-hit country tries to attract investments in its energy and infrastructure sectors. Iran has offered a similar deal to India to attract Indian investments and develop its transport and energy infrastructure, …

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases
2 years, 6 months ago

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

The Hindu  

In the first such move against oil shipments to India, the U.S. Treasury department announced it had imposed sanctions against a Mumbai based petrochemical company amongst several entities accused of selling Iranian petroleum products. “Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum …

US imposes sanctions on Indian company over alleged Iran oil deal
2 years, 6 months ago

US imposes sanctions on Indian company over alleged Iran oil deal

India TV News  

US sanctions Indian company: In what is likely the first action against an Indian company for allegedly dealing in Iranian petroleum products, the US Treasury Department has imposed sanctions on Mumbai-based Tibalaji Petrochem Private Limited. The sanctions came shortly after India's External Affairs Minister S. Jaishankar wrapped up his visit to Washington where he met several top officials, including Secretaries …

Data | Will Iran make a comeback as India’s major crude oil import partner?
2 years, 6 months ago

Data | Will Iran make a comeback as India’s major crude oil import partner?

The Hindu  

On the sidelines of the Shanghai Cooperation Organization summit, Indian Prime Minister Narendra Modi and Iranian President Ebrahim Raisi are likely to discuss the revival of oil imports from Iran. However, in FY23, the U.S.’s share in India’s oil imports halved and Russia became the third-biggest source. Russia’s share in India’s crude oil imports was close to 14% in FY23. …

For India, the buzzword now is ‘all-alignment’
2 years, 6 months ago

For India, the buzzword now is ‘all-alignment’

The Hindu  

In his book The India Way, External Affairs Minister S. Jaishankar offers a critique of India’s traditional policy of “non-alignment” where he distinguishes between the “optimistic non-alignment” of the past, which he feels has failed, that must give way to more realistic “multiple engagements of the future”. He writes, “This is a game best played on the front foot, appreciating …

Iran likely to nudge India on oil imports
2 years, 6 months ago

Iran likely to nudge India on oil imports

The Hindu  

Iran will nudge India towards reviving its procurement of discounted Iranian sweet crude during a meeting between Prime Minister Narendra Modi and Iranian President Ebrahim Raisi that is likely to take place this Friday on the sidelines of the Shanghai Cooperation Organisation summit in Samarkand. This will be the first time the two leaders will meet since Mr. Raisi’s election …

United States expresses displeasure at Russia oil deals
3 years ago

United States expresses displeasure at Russia oil deals

Deccan Chronicle  

New Delhi: Even as Indian government sources, in a dig at the West, said that “countries with oil self-sufficiency or those themselves importing from Russia cannot credibly advocate restrictive trading” and therefore “India’s legitimate energy transactions should not be politicised”, the United States on Saturday acknowledged that many countries including some in Europe continue to buy oil from Russia but …

Iran offers to meet India's energy needs by relaunching rupee-rial trade for export of oil and gas
3 years ago

Iran offers to meet India's energy needs by relaunching rupee-rial trade for export of oil and gas

Firstpost  

Iran used to be India’s second largest oil supplier but New Delhi had to halt imports after the former US president Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on its oil exports Mumbai: Iran has offered to help India meet its energy needs by relaunching rupee-rial trade for export of oil and gas, said Iranian …

Western 'expert' threatens India with sanctions for Russia oil trade, gets a reality check
3 years ago

Western 'expert' threatens India with sanctions for Russia oil trade, gets a reality check

Op India  

Yesterday, it was reported in many media outlets that Russia has offered India crude oil at a discounted price. US-European “experts” rattled, demand sanctions against India As soon as the reports were shared, many US and European ‘experts’ started condemning India while saying that the US government should sanction India if India buys Russian crude oil. ‘Journalist’ Trish Regan’s tweet …

Russia offers more oil to India
3 years ago

Russia offers more oil to India

The Hindu  

Beleaguered by sanctions from the western countries and a ban on fuel exports to the United States, Russia is keen to increase its oil and petroleum product exports to India and India’s investments in the Russian oil sector, Russian Deputy Prime Minister Alexander Novak conveyed to Petroleum Minister Hardeep Puri on Friday. “Russia’s oil and petroleum product exports to India …

India to resume buying oil from Iran once U.S. sanctions ease
3 years, 11 months ago

India to resume buying oil from Iran once U.S. sanctions ease

The Hindu  

India will look to resume buying crude oil from Iran the moment U.S. sanctions are eased, helping it diversify its import basket, a senior government official said. India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf nation by the Trump administration. "Once the sanctions are lifted, we can look to resume oil imports from Iran," …

Indian Refiners Would Resume Iranian Oil Imports if US Sanctions Eased: HPCL Chief
4 years, 1 month ago

Indian Refiners Would Resume Iranian Oil Imports if US Sanctions Eased: HPCL Chief

News 18  

Indian refiners would resume imports of Iranian oil if the United States eases sanctions against Tehran, the chairman of state-run Hindustan Petroleum Corp said on Thursday. India, which was Iran’s top oil client after China, had stopped oil imports from the OPEC nation in mid-2019 under pressure from the stringent sanctions imposed by former US President Donald Trump. On Monday, …

India’s import of US oil jumps 10-fold to 2,50,000 bpd, says US Energy Secy
5 years, 1 month ago

India’s import of US oil jumps 10-fold to 2,50,000 bpd, says US Energy Secy

Hindustan Times  

US oil supplies to India have jumped ten-fold to 2,50,000 barrels per day in the last few years, visiting US Energy Secretary Dan Brouillette said on Tuesday. Speaking at a business meeting alongside US President Donald Trump, US Energy Secretary Dan Brouillette said Indian imports of US oil were 25,000 bpd a couple of year ago, and have now risen …

India’s import of US oil have jumped 10-fold in last few years: US Energy Secretary
5 years, 1 month ago

India’s import of US oil have jumped 10-fold in last few years: US Energy Secretary

Live Mint  

US oil supplies to India have jumped ten-fold to 2,50,000 barrels per day in the last few years, visiting US Energy Secretary Dan Brouillette said on Tuesday. India began importing crude oil from the US in 2017 as it looked to diversify its import basket beyond the OPEC nations. In the first six months of current fiscal, US supplied 5.4 …

Petronet to invest $2.5 bn in Tellurian’s Louisiana project
5 years, 6 months ago

Petronet to invest $2.5 bn in Tellurian’s Louisiana project

Live Mint  

New Delhi: Tellurian Inc. has signed a $7.5 billion agreement for India’s Petronet LNG Ltd to buy a stake in its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the US for shipping shale gas abroad. “People should not be surprised this came,” said Tellurian co-founder Charif Souki, who …

Ties with Iran not influenced by any third country: India
5 years, 8 months ago

Ties with Iran not influenced by any third country: India

India TV News  

India on Wednesday said its ties with Iran stand on their own and are not influenced by any third country, an assertion which came in the wake of US sanctions on import of Iranian oil. After six-month-long exemptions from US sanctions to buy oil from Iran ended in May, India said it will deal with the issue based on three …

Expect a friend to understand: Hope India will act in its national interest, says Iran on oil imports
5 years, 8 months ago

Expect a friend to understand: Hope India will act in its national interest, says Iran on oil imports

India Today  

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security. His remarks assume significance as they come days after US Secretary of State Mike Pompeo had assured India that America is "doing everything" to ensure crude oil …

Iran hopeful India will act in its national interest on oil imports issue
5 years, 8 months ago

Iran hopeful India will act in its national interest on oil imports issue

India TV News  

Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security. His remarks assume significance, as they come days after US Secretary of State Mike Pompeo, had assured India that America is "doing everything" to ensure crude oil …

Iran sanctions: Indian Oil is stepping up imports of US and Saudi crude
5 years, 9 months ago

Iran sanctions: Indian Oil is stepping up imports of US and Saudi crude

CNN  

London CNN Business — US sanctions have forced a leading purchaser of Iranian crude exports to buy more oil from Saudi Arabia and the United States. Sanjiv Singh, head of state-run refiner Indian Oil Corporation, told CNN Business that “whatever supplies were coming from Iran, they were well distributed amongst other countries.” Iran had been the third largest supplier of …

Iran-US standoff: A policy challenge for India
5 years, 9 months ago

Iran-US standoff: A policy challenge for India

Deccan Chronicle  

One of the immediate challenges faced by new external affairs minister Subrahmanyam Jaishankar and his team would be to chart a safe course for India’s continued stable relations with Iran in the face of increasing pressure from the United States, Israel and some friendly Arab countries to assume a more anti-Tehran posture. India’s ambassador to the US Harsh Shringla said …

Slippery slope: on India and Iran developments
5 years, 10 months ago

Slippery slope: on India and Iran developments

The Hindu  

Iranian Foreign Minister Javad Zarif was in New Delhi this week as part of a regional outreach that includes Russia, China, Turkmenistan and Iraq amid rising tensions in West Asia. It has recalled all non-emergency diplomatic staff based in neighbouring Iraq; sent an aircraft carrier, the USS Abraham Lincoln, missile defence hardware and B-52 bombers to the Gulf; imposed fresh …

India, Iran discuss Afghanistan, regional situation
5 years, 10 months ago

India, Iran discuss Afghanistan, regional situation

Deccan Chronicle  

New Delhi: External Affairs Minister Sushma Swaraj on Tuesday told visiting Iranian Foreign Minister Javad Zarif that India would take a decision on continuing oil imports from Iran "after the elections keeping in mind our commercial considerations, energy security and economic interests", Government sources said on Tuesday. The ministry of external affairs meanwhile only issued a brief statement, saying Ms …

U.S. curbs: India to decide on Iran crude imports after polls
5 years, 10 months ago

U.S. curbs: India to decide on Iran crude imports after polls

The Hindu  

India will take a call on purchase of Iranian energy after the general election, External Affairs Minister Sushma Swaraj told her Iranian counterpart Javad Zarif in New Delhi on Tuesday. “On purchase of oil from Iran, External Affairs Minister reiterated the position that a decision will be taken after the elections keeping in mind our commercial considerations, energy security and …

india wont be able to export crude oil from iran after us sanctions kicked in, crude oil from the us is more expensive
5 years, 10 months ago

india wont be able to export crude oil from iran after us sanctions kicked in, crude oil from the us is more expensive

The Hindu  

India will be hit by the Trump administration's decision to end waivers that allowed the import of crude oil from Iran without facing U.S. sanctions. India's top crude oil importers Contrasting fortunes There has been a huge rise of 734% of global crude oil exports from the United States from 2013 to 2017. Iran's crude oil exports dipped in 2013 …

US Sanctions on Iranian Oil: The Reasons and Challenges Explained
5 years, 10 months ago

US Sanctions on Iranian Oil: The Reasons and Challenges Explained

The Quint  

Without a doubt, Iran. China and India are the two biggest importers of Iranian oil, and oil exports are one of Iran’s main sources of revenue. China and India will feel the biggest pinch since Iran supplies a substantial amount of their oil needs, which have been increasing steadily the last few decades. India used to import more oil from …

India has secured additional oil supplies to tide over Iran sanctions
5 years, 10 months ago

India has secured additional oil supplies to tide over Iran sanctions

Live Mint  

India has secured additional supplies from other oil exporting countries to tide over shortages that New Delhi will incur when US sanctions on Iran’s oil exports kick in on Thursday. Indian foreign ministry spokesman Raveesh Kumar told reporters that India’s decision to import oil was based on many factors, “including commercial considerations and keeping our legitimate energy and economic security …

Iraq remains top oil supplier to India
5 years, 10 months ago

Iraq remains top oil supplier to India

The Hindu  

Iraq has, for the second year in a row, become India’s top crude oil supplier, meeting more than a fifth of the country’s oil needs in 2018-19 fiscal year. India provisionally imported 207.3 mt of crude oil in 2018-19, down from 220.4 mt in the previous financial year. While India stopped importing crude oil from Iran following reimposition of economic …

Govt apprehensive Trump administration's sanctions on Iran could boost oil prices, inflation
5 years, 10 months ago

Govt apprehensive Trump administration's sanctions on Iran could boost oil prices, inflation

Firstpost  

Washington: US sanctions on Iran could boost oil prices and inflation to a point that hurts the common person in India, the country’s ambassador to the United States said on Tuesday, after the Donald Trump administration said it would end waivers for Iran’s oil buyers. “We are apprehensive that that impact can translate into inflation, higher oil prices,” that could …

US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis
5 years, 11 months ago

US ends waiver on Iran oil imports: India must now scout for cheaper oil from other sources to avoid a crisis

Firstpost  

Higher oil prices would cause reworking of our economic indicators and policy. Iran is the fourth largest supplier of oil to India and hence, the removal of ‘waiver on the ban of imports’ from Tehran is a matter of concern for us. Iran has a share of around 9-10 percent in India’s oil imports and hence, it would be essential …

India may stop oil imports from Iran
5 years, 11 months ago

India may stop oil imports from Iran

The Hindu  

Petroleum Minister Dharmendra Pradhan on Tuesday said the country plans to increase imports from major oil producing nations other than Iran, indicating that it will be acceding to the U.S. plan to reduce Iran’s oil exports to zero, a move criticised by the Congress. Failure of Modi’s diplomacy, says Congress Mr. Pradhan said that the government has put in place …

In an oil slick: On Iran sanctions
5 years, 11 months ago

In an oil slick: On Iran sanctions

The Hindu  

Faced with the U.S.’s intransigent demand that all countries put a full stop to oil imports from Iran or face sanctions, the Indian government has indicated it will ‘zero out’ oil imports after the May 2 deadline. The U.S. has made it clear that Indian companies that continue to import oil from Iran would face severe secondary sanctions, including being …

India explores for crude oil on sweeter terms after end of Iran oil waiver
5 years, 11 months ago

India explores for crude oil on sweeter terms after end of Iran oil waiver

Live Mint  

New Delhi: India is trying to leverage its robust ties with West Asian crude oil producers such as Saudi Arabia, Kuwait and the United Arab Emirates to source additional volumes at terms similar to those of its annual contracts in a bid to avert any sharp rise in its domestic oil prices. The new contracts could not be signed because …

India will stop importing crude oil from Iran after US ends sanction waiver: Official
5 years, 11 months ago

India will stop importing crude oil from Iran after US ends sanction waiver: Official

Live Mint  

New Delhi: India will stop importing crude oil from Iran following the US move to end sanction waivers, and will use alternate supply sources such as Saudi Arabia to make up for the lost volumes, top officials and industry sources said Tuesday. It bought some 24 million tonnes of crude oil from Iran in the fiscal ended March 31. But …

Iran oil sanctions: Asian countries need to find new sources of oil
5 years, 11 months ago

Iran oil sanctions: Asian countries need to find new sources of oil

CNN  

Dubai CNN Business — Asia’s biggest economies are scrambling to find new sources of oil after the United States said it would no longer grant exemptions to sanctions on Iranian crude exports. The Trump administration on Monday indicated that the United States, Saudi Arabia and the United Arab Emirates would make sure “global oil markets remain adequately supplied.” But it …

Opinion | US sanctions and the end of cheap oil
5 years, 11 months ago

Opinion | US sanctions and the end of cheap oil

Live Mint  

The end of India’s temporary reprieve on oil imports from Iran is nigh, as US sanctions on the Islamic Republic for its nuclear programme come into full effect on 2 May. The Organization of the Petroleum Exporting Countries, the oil cartel which accounts for about 40% of global production, has demonstrated an ability to enforce supply cuts among its members …

Iran sanctions: India lines up alternate sources, supplies not to be impacted
5 years, 11 months ago

Iran sanctions: India lines up alternate sources, supplies not to be impacted

Live Mint  

India, the second biggest buyer of Iranian oil, has lined up alternate sources to make up for the likely shortfall in supplies after the US decided not to give waiver from its sanctions for buying oil from the Persian Gulf nation. The Trump administration on Monday decided not to renew waiver that let countries like India buy Iranian oil without …

Trump not to grant waiver to India, 7 other nations importing Iranian oil
5 years, 11 months ago

Trump not to grant waiver to India, 7 other nations importing Iranian oil

India TV News  

In a move that could have implications on India's energy security, US President Donald Trump on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran's top export commodity. This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," White House Press Secretary Sarah Sanders …

How US move against Iran oil affects India
5 years, 11 months ago

How US move against Iran oil affects India

Live Mint  

New Delhi: he temporary exemption granted to India and seven other countries from US sanctions on purchase of Iranian oil will end shortly, US secretary of state Michael R. Pompeo announced on Monday. The removal of Iranian oil from India’s energy sourcing basket may have major implications given that India has been a major importer of Iranian oil. The options …

India delays May order for Iran crude oil, awaits clarity on sanctions waiver against OPEC-member
5 years, 11 months ago

India delays May order for Iran crude oil, awaits clarity on sanctions waiver against OPEC-member

Firstpost  

Brian Hook, the special US envoy for Iran, in March said Washington is pursuing its plan to bring Iranian crude exports to zero. New Delhi: Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said. “We don’t know about …

India's crude oil shipments from Iran slump 60% in February as New Delhi cuts imports under sanctions waiver deal with US
6 years ago

India's crude oil shipments from Iran slump 60% in February as New Delhi cuts imports under sanctions waiver deal with US

Firstpost  

India’s February oil imports from Iran were about 4 percent lower than January’s purchases, the data showed. New Delhi: India’s oil imports from Iran in February plunged by over 60 percent from a year ago to about 260,000 barrels per day as New Delhi cuts imports under a sanctions waiver deal with Washington, data compiled by Reuters showed. In the …

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver amid US pressure to cut imports to zero
6 years ago

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver amid US pressure to cut imports to zero

Firstpost  

Iran was India’s seventh biggest oil supplier in January compared with its position as third biggest a year ago before the reimpostion of sanctions. New Delhi/Washington: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day, as it negotiates with Washington about extending a sanctions waiver past early May, two sources in India …

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