US decision to end sanctions waivers that enabled several economies to continue buying crude oil from Iran puts Turkey and India in dilemma
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf.
Govt has put in place a robust plan for adequate supply of crude oil to Indian refineries.
India is also analysing the impact of the sanctions and Iranian response on its development and use of the Iranian port of Chabahar, which was aimed at facilitating alternate connectivity for Afghanistan, bypassing Pakistan.In Ankara, Turkey's capital, Foreign Ministry spokesman Hami Aksoy said Turkey was trying to convince the US to allow its biggest oil importer, Tupras, to continue purchasing crude oil from Iran free of sanctions.
Asked whether India had expressed inclination to join such a mechanism during his talks, he said, "No, I haven’t heard that." He said while Turkey was looking at different options, it will continue to trade with Iran. He asserted that the sanctions on Iran will backfire. Both countries are under threat of secondary sanctions triggered by the Countering America's Adversaries Through Sanctions Act , which aims to deter countries from having substantial deals with Russian defense and security sectors.
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