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Germany asks India to continue buying oil from Iran

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Germany asks India to continue buying oil from Iran

In an a rare development, Germany has called US pressure exerted on its allies to comply with sanctions on Iran “irritating, to put it mildly” and expressed hope that India will continue buying oil from Iran.

In an exclusive interview with an Indian TV channel, Neils Annen, the German minister of state for International Affairs on Wednesday said that Germany will act in its own interest and hopes that India, too, will continue buying Iranian oil.

He said, “It will be India’s sovereign decision. I am not a salesman for Iran but I have an impression that India is willing to continue buying oil from Iran and this will be a very important statement.”

The German minister was of the view that efforts now need to be made on devising a financial mechanism to overcome the US sanctions. He said the French government has made a proposal in this regard and that finding a suitable financial instrument to allow companies that want to deal with Iran, “will be complicated but needs to be done.”

The US administration had set a deadline for reducing oil trade with Iran to “zero” by November 4, when Washington implements second layer of sanctions against that country.

Read More: Iran accuses India of bowing to US pressure, warns of withdrawing privileges if it cuts oil import

However, some government source has recently indicated that US administration is softening its stand and was willing to work with countries on a case by case basis.

Two days ago US Secretary of State Mike Pompeo had signalled for the first time that his country might consider exemptions from the sanctions for countries as they reduce their dependency on Iranian oil.

Moreover, US Treasury Secretary Steven Mnuchin said on Friday, “We are going to very strongly enforce the Iran nuclear sanctions. We’ve told our counterparts as that we expect them to enforce the sanctions, but if there are specific situations, we’re open to listening.”

Both the high ranking US officials spoke to the reporters aboard Pompeo’s plane as they flew back from Mexico, where they held talks on border security, immigration and trade negotiations.

Germany is one of the US allies in Europe which has developed differences on several issues in recent past including Iran nuclear deal, NATO funding and Paris Climate treaty. US President Donald Trump crossed settled protocol by calling German Chancellor- “Angela, you need to do something about this” during recent NATO meeting in Brussels.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

German minister’s observations came a day after India and US agreed to continue consultations on the proposed American sanctions on Iran. A day earlier Iranian deputy foreign minister Abbas Araghchi visited New Delhi for discussions on pressing ahead with the energy and connectivity cooperation.

Germany asks India to continue buying oil from Iran

On Tuesday, Marshall Billingslea, the assistant secretary for terrorist financing in the US treasury department and officials from petroleum and foreign ministry on the Indian side held a day-long discussions.

Ahead of the talks with US official, a source privy to the development said that India could convey to the US that it could look at reducing the import of oil from Tehran in return for an exemption from US sanctions on plans to push ahead with the development of Iran’s Chabahar Port, considered to be  a gateway to the landlocked Afghanistan and Central Asia.

In 2012, India, when faced with a similar situation, had evolved a Rupee-Rial mechanism to bypass US sanctions and continue trading with Iran. Iran is India’s third-largest oil supplier after Iraq and Saudi Arabia. However, India lost huge money due to reduced purchasing of Iranian oil.

Read More: Iran, P4+1 meet ends inconclusive in Vienna

European signatories of the landmark multilateral Iran nuclear deal, also known as Joint Comprehensive Plan of Action (JCPOA), Britain, France and Germany have been in close contact with Iran and reiterated their willingness to continue trading with Iran. Several European companies have been engaged working with Iran since the implementation of the multilateral nuclear deal.

In May this year, US President Donald Trump had announced Washington’s withdrawal from the nuclear deal to what was termed as ‘the worst deal ever’.

Recently Israel’s public broadcaster published a recording of Prime Minister Benjamin Netanyahu saying that he was responsible for persuading US President Donald Trump to withdraw from the Iran nuclear deal earlier this year.  He was quoted saying at a Likud party gathering “We convinced the president of the United States…to leave this agreement, we didn’t give up.”

Niels Annen, Germany’s Minister of State, was on a two-day visit to New Delhi on Tuesday and Wednesday. He discussed regional and security policy topics with Piyush Goyal, the Finance Minister, M J Akbar, Minister of State for External Affairs, Vijay Gokhale, the Foreign Secretary and Ajit Doval, the NSA. Gokhale was earlier India’s ambassador to Germany.

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Byju’s founder Byju Raveendran sentenced to six months in jail by Singapore court over asset orders

In a major setback, a Singapore court has sentenced Byju’s founder Byju Raveendran to six months in prison for contempt after he failed to comply with multiple court orders regarding his assets.

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In a massive legal blow to the founder of the failed Indian educational technology firm Think & Learn Pvt (better known as Byju’s), a Singapore court has sentenced Byju Raveendran to six months in jail for contempt of court.

The court ordered the jail term after concluding that Raveendran had deliberately disobeyed multiple judicial directives regarding his personal assets, dating as far back as April 2024.

Disobedience of asset orders leads to prison sentence

According to people familiar with the matter, the Singapore court has instructed Raveendran to immediately surrender himself to the officials. Alongside the six-month prison sentence, the Byju’s founder has been ordered to pay legal costs amounting to S$90,000 (approximately $70,500). Furthermore, he has been mandated to provide documents verifying his official legal ownership of Beeaar Investco Pte, a corporate entity that holds equity shares in a related firm.

At the time of reporting, it remains unclear whether Raveendran is currently residing in Singapore or located elsewhere, and he did not immediately respond to requests for comment.

Escalating global legal battles

This sentencing marks the latest and perhaps most severe setback for the entrepreneur, who once achieved billionaire status amid a massive wave of global capital flowing into Indian start-ups. Today, Raveendran is being rigorously pursued by foreign investors across international jurisdictions. This includes intensifying legal battles in the United States, where global lenders are actively trying to recover heavy financial losses stemming from a defaulted $1.2 billion loan.

Media reports indicate that the ongoing Singapore court proceedings represent a broadening web of legal and financial crises following the operational collapse of the once-celebrated edtech giant.

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US hits Iranian missile sites and mine-laying boats near Strait of Hormuz amid peace talks

US Central Command executed targeted strikes against Iranian missile launch sites and mine-laying vessels near Bandar Abbas, testing a fragile ceasefire even as high-stakes diplomatic talks continue in the region.

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In a major development testing a fragile regional ceasefire, the United States military carried out targeted strikes in southern Iran on Monday. The operation hit missile launch sites and vessels allegedly attempting to lay mines near the crucial Strait of Hormuz, according to statements from the US Central Command (CENTCOM).

The military action took place near Bandar Abbas, a prominent southern port city hosting a primary Iranian naval base. Media reporting indicated that explosions were heard across multiple coastal locations, including Sirik and Jask.

Focus on ‘Self-Defense’ Amid Active Ceasefire

A spokesperson for CENTCOM, Capt. Tim Hawkins, confirmed that the engagement was defensive in nature. “US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces,” Hawkins stated. He noted that the operational targets included active missile launch sites alongside Iranian boats attempting to emplace naval mines. Despite the escalation, CENTCOM emphasized that it continues to exercise restraint under the parameters of the ongoing ceasefire brokered in early April.

According to media reports, the tactical response was triggered when two Islamic Revolution Guard Corps (IRGC) boats were detected laying mines in the strategic shipping lane. Additionally, a surface-to-air missile site reportedly targeted American warplanes, prompting US forces to neutralize both the vessels and the missile installations. Media channels citing local updates indicated that four individuals were killed in the strikes, though the complete casualty figures remain unverified.

Diplomatic Dialogue Continues in Parallel

The strikes coincide with a critical phase of diplomatic negotiations aimed at extending the current truce. Top Iranian negotiators traveled to Qatar early this week to discuss a potential 60-day extension of the ceasefire, alongside provisions to keep the Strait of Hormuz fully operational for global trade.

US officials maintain that the military action does not signal an end to the active truce. A senior administration source clarified that the specific operations are “over for now”. US Secretary of State Marco Rubio, speaking from India, affirmed that diplomatic channels remain open and active. Rubio stated that intensive language discussions regarding the initial documents are ongoing, reiterating that the opening of the strategic strait remains a core objective.

Meanwhile, political leaders in Washington have separately reiterated demands for the secured disposal or international transfer of enriched uranium stockpiles as part of any comprehensive long-term agreement.

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US announces new America First visa schedule to boost business ties with India

During his official state visit to New Delhi, US Secretary of State Marco Rubio announced a new America First visa schedule designed to prioritise business professionals and boost bilateral trade efficiency.

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In a significant development aimed at strengthening bilateral cooperation, the United States has introduced a new “America First” visa schedule. The policy update was announced by US Secretary of State Marco Rubio during his official four-day visit to India. The new schedule is specifically designed to prioritise business professionals who play a key role in fortifying trade and strategic connections between the two nations.

Speaking about the initiative in the national capital, the top US diplomat clarified that the updated framework will not only assist visa applicants but will also significantly enhance operational productivity for the diplomatic mission. “We’re introducing a new America First visa schedule that prioritises business professionals that strengthen these ties,” Rubio stated. He added that the arrangement will enable the system to process applications with greater accuracy, speed, and efficiency.

Focus on Indo-Pacific and regional security

The announcement coincided with high-level discussions between the visiting diplomat and Prime Minister Narendra Modi. The meeting, which lasted for over an hour, covered critical areas of bilateral interest, including trade, energy security, strategic technologies, defence cooperation, and the ongoing West Asia crisis. During the interaction, Rubio extended an official invitation from US President Donald Trump for PM Modi to visit the White House in the near future.

The US Secretary of State described the partnership between New Delhi and Washington as a foundational cornerstone of America’s overarching strategy for the Indo-Pacific region. Highlighting India’s central role, Rubio noted that his very first official engagement upon taking office was a meeting of the Quadrilateral Security Dialogue (Quad), emphasizing that hosting the upcoming foreign ministers’ meeting in India acts as a tangible sign of the deep commitment to this framework.

Clarification on immigration rules

Addressing separate concerns regarding recent shifts in American immigration policies, the top diplomat provided a crucial clarification regarding the new guidelines for permanent residency. Media reports had previously highlighted anxieties surrounding a newly instituted rule that requires many legal immigrants to exit the US and apply for green cards from their home countries.

Rubio explicitly stated to the media that these measures are universal regulatory updates rather than policy shifts targeted at any specific nation. He reassured that the rule is applicable globally to all international applicants and is not directed exclusively at Indian citizens.

The visit marks Rubio’s first official trip to India since assuming office. His comprehensive itinerary began in Kolkata and includes a scheduled bilateral dialogue with External Affairs Minister S Jaishankar, alongside participation in the Quad Foreign Ministers’ meeting alongside international counterparts.

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