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No exemption from US sanctions, India stopped buying oil from Iran from May 2

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The US has ruled out giving any exemption from its punitive sanctions to countries, including India, for buying oil from Iran, said media reports quoting news agency PTI.

The US on Tuesday reiterated its position at a news conference in Washington after media reports from New Delhi, quoting unnamed government officials, said that India was looking at ways to resume oil imports from Iran despite the US sanctions.

US President Donald Trump had in April refused to give waivers to countries like India from buying oil from Iran, in an attempt to reduce Iran’s oil exports to zero.

US said its maximum pressure campaign was working and the Donald Trump administration remains “unwavering” in its tough policy on Tehran.

Last week, India’s Ambassador to the US Harsh Vardhan Shringla said India had stopped buying oil from Iran after 2 May when the US ended its waivers that allowed the top buyers of Iranian oil, including India, to continue their imports for six months.

India has stopped importing oil from both Iran and Venezuela, he said.

As of late April, India dropped its dependency on Iranian oil from about 2.5 million tonnes a month to 1 million tonnes a month, Shringla said last week.

“We do understand that this has been a priority for the US administration, although it comes at a cost to us because we really need to find alternative sources of energy,” Shringla said.

Noting that the US did talk of trying to maintain price stability, Shringla said in the short term, there has been reduced price stability.

Iran earlier used to supply 10 percent of India’s oil needs. At the time purchase was halted, India was buying over 3 lakh barrels of oil from Iran every day.

 

Chabahar Port: While Indian oil imports from Iran have come down to zero, Tehran expects New Delhi to at least speed up work on developing the Chabahar Port, which is located in the country’s Sistan-Balochistan province, said an earlier report in ThePrint.

A flagship joint endeavour, Chabahar is believed to hold immense strategic significance for India as it will allow the country direct access to Afghanistan and central Asia, for which New Delhi has to currently depend on Pakistan.

“Our ties with India go beyond oil. We have economic ties across many sectors. The impact of US sanctions will not be felt on the Chabahar project,” Iran’s Ambassador to India Ali Chegeni told ThePrint, adding, “But it needs to speed up work there.”

The first phase of the port was inaugurated in December 2017. Apart from developing the port, the Chabahar project also entails the creation of a rail link from Chabahar to Zahedan within Iran. While a feasibility study on the rail link was completed two years back by the Indian public sector company IRCON, work is yet to begin, the envoy said.

 

The US state department said there was no change in its policy on Iranian sanctions.

“The secretary (of state) has been very clear since 22 April that we are going to zero,” Spokesperson of the State Department Morgan Ortagus told reporters during an off-camera news conference.

“We have stated that there are no new exemptions after 2 May as it relates to importing Iranian oil. The US position there remains quite firm,” she said in response to a question.

The US reimposed sanctions on Iran in November after pulling out of a 2015 nuclear accord between Tehran and six other world powers.

Ortagus said the American sanctions on Iran were working. “Our sanctions are working, and I think that you’ve heard secretary Brian Hook and myself go through a litany of ways in which we know that the sanctions are quite effective for Iran,” she said.

Noting that the economic sanctions and the maximum pressure campaign will remain in place, the spokesperson said that the both Trump and Secretary of State Mike Pompeo have said they will be willing to talk to the Iranian regime.

“But until then, we remain unwavering and unflinching in our sanctions campaign and our maximum pressure campaign. That’s been our policy; that remains our policy. And it’s not just about a nuclear weapon. It’s about Iran’s support of terrorism in the region, their malign behaviour throughout the region,” she said.

The US has been pretty overt in its signalling to the Iranians, and its willingness to talk, she said.

“The maximum pressure campaign, economic sanctions remain on the table. If they would like to take a serious look at the 12 points that the Secretary laid out over a year ago, we’ll be ready to talk about that. The President and the Secretary mean that sincerely,” Ortagus said.

The United States has been talking to its European partners as well over the issue, she said.

“One of the main things that we will continue to talk to our European partners and allies is the imminent threat from Iran that is faced in the region,” she said.

After coming to power, Trump withdrew from the Iranian nuclear deal in 2018 and has imposed stringent sanctions against what he describes as the “authoritarian” Iranian regime.

The US is seeking to ramp up pressure on Iran to counter what the White House perceives to be a potential threat.

In April, the US designated Iran’s Revolutionary Guard a foreign terrorist organisation, the first time the designation has been applied to a government entity.[/vc_column_text][/vc_column][/vc_row]

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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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