US and India on discussions for cutting oil imports ahead of sanctions

Published on October 15, 2018

US and India will have high level discussions and meetings with respect to cutting of imports from Iran. The sanctions will imply within three weeks and most of the nations are under confusion from where the demand will be fulfilled. India has been seeking relief from the US sanctions, with the highest-level talks happening in New Delhi in September between the foreign and defense ministers from both countries. Current prices suggest India's decision to continue to bring in Iranian crude makes sense, as Iranian crude grades have offered wider discounts in order to remain competitive among the few swing buyers the country still has.

Stay connected with us on