Donald Trump: We will take care of countries that will continue to buy oil from Iran after Nov 4
Some sanctions took effect from August 6 while those affecting the oil and banking sectors will start from November 4. Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia
President Donald Trump said on Wednesday that the US "will take care" of the countries which will continue to import oil from Iran after November 4 deadline when US sanctions on Iranian oil purchases take effect.
"We will take care of them," Trump told reporters when asked about the decision of some countries like India and China to continue to purchase oil from Iran. Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from Iran in November. He had said that India has its own energy requirements which it has to fulfill. Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) together have placed order for 1.25 million tonne (MT) of crude oil from Iran.
Trump in May withdrew from the 2015 nuclear accord with Iran, re-imposing economic sanctions against the Persian Gulf nation. Some sanctions took effect from August 6 while those affecting the oil and banking sectors will start from November 4. Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.
Heroes of Mumbai who make your commute easy