Accessibility links

Breaking News

India To Cut Iranian Oil By 11 Percent


India, facing U.S. pressure, says it will cut purchases of Iranian oil by 11 percent.

Junior Oil Minister Dharmendra Pradhan told parliament that Indian oil refiners expect to import 15.5 million metric tons of Iranian crude this year, down from 17.44 million tons last year.

The United States wants India and its other allies to reduce oil imports from Iran as Washington seeks to increase the pressure on Tehran to halt nuclear work that could be directed toward building an atomic weapon.

Tehran denies any effort to make a nuclear bomb.

U.S. legislation that goes into effect next month would impose sanctions on nations that continue to buy oil from Iran.

Japan recently secured a waiver from U.S. sanctions after slashing its Iranian imports by around 20 percent.

Based on reporting by Reuters and AFP

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.

XS
SM
MD
LG