English हिन्दी
Connect with us

Latest world news

US: Contradictory reports on impact of anti-Iran sanctions on India

Published

on

US: Contradictory reports on impact of anti-Iran sanctions on India

Indian and Pakistani media quote same US official with different vesrions

The US administration has been given contradictory signals on the future course of implementing anti-Iran sanctions while dealing India. An Indian media outlet  reports that US has not taken any decision on sanctioning India for importing oil from Iran and investing in the Chabahar port, or buying the S-400 air defence missile system from Russia.

However, another report say that Washington is not offering waiver to any country from curbs on commercial deals with Iran so far, the restriction applies to India as well, which is a major importer of oil from Iran.

Elizabeth Roche, a well known writer associated with Livemint, quoting Alice G. Wells, the principal deputy assistant secretary of State for South and Central Asia, reported that US has not taken any decision on sanctioning India for importing Oil from Iran, investing in Chabahar seaport or buying S-400 air defence missile system from Russia.

Read More: India, US Sign Key Defense Agreement

Wells was in New Delhi last week as part of the delegation accompanying US Secretary of State Mike Pompeo for the India-US 2+2 dialogues. Livemint reports that Wells said that the dialogue was aimed at laying the foundation of the US-India relationship for the next decade.

The Indian media outlet reports that Wells said the sanctions that come into force on 4 November were designed to bring Tehran to book and non penalize India, which meets 83% of its crude oil requirements from outside. Of this, close to 25% comes from Iran.

US: Contradictory reports on impact of anti-Iran sanctions on IndiaThe report further said that Wells added that Washington’s aim was also not to penalize India for buying the missile defence the missile defence systems or sourcing spares from Russia, reports Livemint.

She said the sanctions on Iran that come into force on Nov 4 are not specific to India, which imports 25 per cent of its oil from Tehran. Iran is India’s third largest supplier of oil, after Iraq and Saudi Arabia. Between April 2017 and January 2018, Iran supplied 18.4 million tonnes of crude oil to India.

The report, however, incorporated Wells quote saying there was no “blanket waiver or country-specific waiver” from US sanctions on trading with or investing in Iran or buying arms from Russia.

Read More: Trump: India Called Us Wanting Trade Deal despite Tough Talks

On the contrary, Anwar Iqbal, Washington based journalist working for Dawn, quoted the same official from State Department, saying that Washington is not offering waiver to any country from curbs on commercial deals with Iran and so far, the restriction applies to India as well. Alice G. Wells reportedly said that the restrictions also apply to investments in Iran’s Chabahar port, a project built with India’s cooperation.

Alice G. Wells, Principal Deputy Assistant Secretary of State for South and Central Asia, said in a conference call with journalists on Monday that restrictions also apply to investments in Iran’s Chahbahar port, a project built with India’s cooperation.

Wells, who was briefing journalists on the two-plus-two talks between the US and India, held in New Delhi on Sep 6- said there was no “blanket waiver or country-specific waiver” from US sanctions on trading or investing in Iran.

Read More: Russia expect inking S-400 missile contract with India in 2018

Dawn reports further that while answering a question on whether US restrictions on trade with Iran were discussed at the US-India talks, she said that there was a discussion in general over the sanctions and on Trump administration’s goal to hold Iran accountable for its alleged ‘maligned behaviour.’

She further said that the two sides also talked about how US expects other countries to bring their oil imports from Iran “down to zero as quickly as possible” and on US efforts to ensure that the restrictions do not disrupt the market, she said. The US has assured the Indians that adequate supplies are readily available that could be easily substituted for Iranian oil, the US official added.

Wells said, “With respect to Chahbahar, we have heard the Indian government’s assertion for Chahbahar both as a means of route to Afghanistan, a means for delivering wheat supplies, for instance, and of opening-up trade to Central Asia.”

“The US officials were clear that we were still in process of reviewing the implementation of sanctions and that we were taking this under advisement. So it was an informational conversation between the parties,” she said.

The US secretary said that, in New Delhi, the Indian and American leaders committed themselves to resolving trade issues and reaching an agreement to promote bilateral trade. US was now India’s top market for exports and the US-Indian bilateral trade expanded by $12 billion in 2017 totalling to $126bn, whereas two-way investment expanded almost $57bn.

She also said that, so far, the US had not taken any decision on giving a waiver to India to purchase S-400 Triumf missile system from Russia. “We continue to have conversations with the Indian leadership. We are working to hold Russia accountable for its behaviour and Secretary of State Michael Pompeo said these sanctions are not intended to adversely impact countries like India. They are designed to impact Russia”, she said.

India and US had signed an agreement known as Communications, Compatibility, Security Agreement (Comcasa) at the end of the “2+2” talks between the external affairs minister Sushma Swaraj and defence minister Nirmala Sitharaman with their US counterparts Micheal Pompeo and James Mattis in New Delhi on September 6.

Russia is also facing US sanctions. President Donald Trump is expected to sign an executive order on Wednesday that would authorise sanctions against countries or foreigners who try to interfere in American elections. Investigations are continuing against the alleged Russian meddling in the US presidential elections held in 2016.

A report from Washington say that US intelligence agencies now believe that Russians would again try to interfere the mid-term polls this year and also 2020 presidential elections.

Latest world news

US ends oil sanctions waiver for Iran and Russia, impact likely on India’s energy imports

The US decision to end the Iran and Russia oil waiver may impact India’s oil imports, fuel prices and global energy markets.

Published

on

US oil tanker

The United States has decided not to extend a temporary sanctions waiver that allowed limited trade in Iranian and Russian oil, marking a shift towards stricter enforcement of economic restrictions.

The waiver, introduced in March 2026, had permitted the sale of oil already loaded on ships to stabilise global supply during heightened geopolitical tensions. However, it is now set to expire around mid-April without renewal.

US officials have indicated that the move is part of a broader strategy to increase pressure on both Iran and Russia amid ongoing conflicts and geopolitical tensions.

What the waiver did and why it mattered

The short-term waiver allowed millions of barrels of oil—estimated at around 140 million barrels—to enter global markets, helping ease supply shortages and prevent sharp price spikes.

It also enabled countries like India to purchase discounted crude oil from Russia and resume limited imports from Iran after years of restrictions.

Impact on India

India, one of the world’s largest oil importers, is expected to feel the impact of the decision in several ways:

  • Reduced access to discounted oil
    India had been buying cheaper Russian crude and recently resumed Iranian imports under the waiver. Its end may limit these options.
  • Potential rise in fuel costs
    With fewer discounted supplies available, India may need to rely more on costlier sources, which could increase domestic fuel prices.
  • Supply diversification pressure
    India may need to explore alternative suppliers in the Middle East, Africa, or the US to maintain energy security.
  • Geopolitical balancing challenge
    The move adds pressure on India to align with US sanctions while managing its own economic interests.

Global energy market concerns

The end of the waiver comes at a time when global oil markets are already under stress due to conflict in West Asia and disruptions in key routes like the Strait of Hormuz.

Analysts warn that tightening sanctions could:

  • Reduce global oil supply
  • Increase price volatility
  • Intensify competition among major buyers like India and China

Bigger picture

The US decision reflects a broader shift from temporary relief measures to stricter enforcement of sanctions, even if it risks tightening global energy markets.

For India, the development highlights a recurring challenge—balancing affordable energy access with geopolitical realities.

Continue Reading

Latest world news

Sanctioned tanker fails to breach US blockade, turns back near Strait of Hormuz

A US-sanctioned tanker failed to cross the Hormuz blockade and turned back, underscoring rising tensions and disruption in global shipping routes.

Published

on

A US-sanctioned oil tanker failed to break through a newly imposed American naval blockade and was forced to turn back near the Strait of Hormuz, highlighting growing tensions in the region.

The vessel, identified as the Rich Starry, reversed its course after attempting to exit the Gulf, according to shipping data. The development comes just days after the United States enforced restrictions on ships linked to Iranian ports.

The blockade was announced by Donald Trump following the collapse of recent diplomatic talks with Iran. The move aims to restrict maritime traffic associated with Iranian trade.

Officials said that during the first 24 hours of enforcement, no vessel successfully crossed the blockade. Several ships, including the sanctioned tanker, complied with instructions from US forces and turned back toward regional waters.

The tanker is reported to be linked to a Chinese company previously sanctioned for dealing with Iran. It was carrying a cargo of methanol loaded from the United Arab Emirates at the time of the incident.

The situation underscores the rising risks in one of the world’s most critical oil transit routes. The Strait of Hormuz typically handles a significant share of global energy shipments, but traffic has sharply declined due to ongoing geopolitical tensions.

The blockade, which applies specifically to vessels travelling to or from Iranian ports, has added further uncertainty for shipping companies, insurers and global energy markets.

Continue Reading

Latest world news

Jaishanakar discusses Middle East crisis with Kuwait and Singapore counterparts, focus on Indian community

Jaishankar holds talks with Kuwait and Singapore counterparts on West Asia tensions, highlights Indian community safety.

Published

on

India’s External Affairs Minister S. Jaishankar held discussions with his counterparts from Kuwait and Singapore amid the ongoing crisis in West Asia, focusing on regional developments and the safety of Indian nationals.

In separate telephonic conversations, Jaishankar exchanged views with Kuwait’s Foreign Minister Sheikh Jarrah Jaber Al-Ahmad Al-Sabah and Singapore’s Foreign Minister Vivian Balakrishnan. The discussions come at a time of heightened tensions in the Middle East region.

According to details shared by the minister, his conversation with the Kuwaiti counterpart primarily revolved around the evolving regional situation and the well-being of the Indian community residing in Kuwait.

He described the interaction as a constructive exchange, highlighting India’s continued attention to the safety and interests of its citizens abroad during the crisis.

In a separate interaction with Singapore’s foreign minister, Jaishankar said the two sides discussed the ongoing conflict in West Asia and its broader implications.

The talks reflect India’s ongoing diplomatic engagement with key global partners as tensions in the Middle East continue to escalate, impacting regional stability and international concerns.

The latest outreach is part of a series of high-level communications by India aimed at closely monitoring developments in the region while safeguarding its strategic and humanitarian interests.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com