• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, March 22, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    “Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

    Explainer: The working model of Bhindrawale 2.0

    Explainer: The working model of Bhindrawale 2.0

    enemy properties

    Home Ministry to sell enemy properties worth Rs 1 trillion

    Kerala Christians BJP

    Kerala Christians’ puts one condition to vote for BJP

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    India’s Potent Mini Missile: The Indigenous “S-400

    India’s Potent Mini Missile: The Indigenous “S-400

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    India’s Afghan policy: working beyond tags and labels

    India’s Afghan policy: working beyond tags and labels

    UK will have to pay for not taking actions against ISI and Khalistani

    UK will have to pay for not taking actions against ISI and Khalistani

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    SCO Defence ministers meet: A Story of Second Chances and Stubborn Pride

    Preferential Trade Agreement

    Indonesia Extends Olive Branch to India with PTA Invitation

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Bucher Paper

    Unearthing the Dark Secrets of Nehru’s Reign: The Roy Bucher Papers

    Haridwar Chandi Mata Temple Hill view

    Chandi Mata Temple Haridwar, Timings, History, Travel Guide and How to reach

    Haryana Kalka Mata Mandir complex

    Kalka Mata Mandir Haryana, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    Mrs Chatterjee vs Norway movie

    Mrs Chatterjee vs Norway Movie: A tale of two cultures

    How to select collage

    How to Decide on and Apply to a University or College

    Sam Bahadur film

    The pressure is on: Meghna Gulzar’s ‘Sam Bahadur’ must deliver

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Geopolitics » India set to defy the United States once again over oil embargo on Iran

India set to defy the United States once again over oil embargo on Iran

Amit Agrahari
by Amit Agrahari
27 June 2018
in Geopolitics, West Asia
0
india, united states, iran

PC: im.rediff.com

1.8k
VIEWS
Share on FacebookShare on Twitter

The United States has said that it will give ‘zero waivers’ on oil imports from Iran after the sanctions become effective from November 4, this year. The official who spoke to reporters said, “India and China will be subject to the same sanctions that everybody else’s is… and yes, we will certainly be requesting that their oil imports go to zero, without question.” The sanctions on Iran comes in the backdrop of United States pulling out of the Iran nuclear deal. Donald Trump, during his presidential campaign, promised to pull out of the Iran nuclear deal framework which was a preliminary framework agreement reached in 2015 between the Islamic Republic of Iran and a group of world powers, the P5+1 (the permanent members of the United Nations Security Council, the United States, the United Kingdom, Russia, France, and China plus Germany) and the European Union. After coming to power, the Trump administration scrapped the deal and imposed economic sanctions on Iran. Governments and multinational bodies impose economic sanctions to try to alter the strategic decisions of state and non state actors that threaten their interests or violate international norms of behavior.

 The Trump administration has also threatened to impose ‘secondary sanctions’ on the countries which will not follow its diktat on oil import embargo. The secondary sanction could be in various forms but the most throbbing would be being blocked from American financial System which no country could afford. Most of the world trade in carried out through American financial system if they block any country from using their financial system it would hurt them badly as evident in recent Indian payment to Russia for its defense deals. India is facing problems in paying to Russia because America has blocked Russian companies from carrying out transactions through American financial System which is mostly by default medium for international transactions.

India is the second largest buyer of petroleum from Iran after China, and Iran is the third largest supplier to India after Saudi Arabia and Iraq. New Delhi was not happy with the Trump administration’s decision pull out of the Iran nuclear deal last month and its announcement that sanctions will be back in force in two tranches by November 4. Sushma Swaraj, External affairs minister had said that “India follows only UN sanctions and not unilateral sanctions by any country” days after President Donald Trump pulled out of the Iran deal. As a result of the last round of sanctions, initiated by the United Nations and reinforced by the US and European nations, Indian crude purchases from Iran had dropped from an average of 320, 00 barrels a day in 2011 to 190,000 barrels a day. Although Indian oil imports from Iran never reached zero.

Earlier India defied US threats on the development of Chabahar Airport and Union Minister Nitin Gadkari has said that it will be operational by 2019. Built 90 km from the China-sponsored Gwadar port in Pakistan, Chabahar opens a transit route to Iran and Afghanistan that will also give India access to markets in Central Asia. India has aligned itself more with the United States in recent decades and there is a bipartisan consensus in American administration that the country should have deeper ties with India. But, India never hesitated to take an independent stand whenever its interests were hurt due to American policies. There are benefits for India in the short term if it aligns with the United States, but if the country wants to be a future superpower, it will have to take an independent stand irrespective of American policies.

Tags: #USAIndiaIranOilunited states
Share287TweetSend
Previous Post

Ace shooter Tara Shahdeo finally finds justice in love jihad case.

Next Post

FIFA World Cup 2018: The march of the underdogs

Amit Agrahari

Amit Agrahari

Engineering grad but Humanities and social sciences are my forte. Avid reader of religious Scriptures (Especially Hindu), Lord Shiva devotee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

“Rahul Gandhi is PM Modi’s biggest TRP,” Mamata Banerjee’s latest jibe

22 March 2023
Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

22 March 2023
India’s Afghan policy: working beyond tags and labels

India’s Afghan policy: working beyond tags and labels

22 March 2023
Explainer: The working model of Bhindrawale 2.0

Explainer: The working model of Bhindrawale 2.0

21 March 2023

Popular This Week

India’s Potent Mini Missile: The Indigenous “S-400
Defence

India’s Potent Mini Missile: The Indigenous “S-400

by Shubham Bajpai
17 March 2023
Oh!! Shut up Jagmeet Singh
Opinions

Oh!! Shut up Jagmeet Singh

by Sabita Mishra
20 March 2023
The Price of Desperation: The Impact of Illegal Immigration on India
Politics

The Price of Desperation: The Impact of Illegal Immigration on India

by Paurush Gupta
18 March 2023
Social Media is divided over Swati Maliwal’s allegation
Politics

Social Media is divided over Swati Maliwal’s allegation

by Paurush Gupta
13 March 2023
Homi Bhabha
Trending

Who killed Homi Bhabha? The mystery behind India’s nuclear pioneer’s death

by Sanbeer Singh Ranhotra
30 October 2021

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost