India wants to keep buying Iranian oil at its current level of about 300,000 bar...
NEW DELHI/WASHINGTON - India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day , as it negotiates with Washington about extending a waiver of U.S. sanctions past early May, two sources in India with knowledge of the matter said.
The talks come just as trade tensions rise between Washington and New Delhi. The United States is planning to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States. The United States reimposed sanctions against Iran last November in a dispute over Tehran’s nuclear and missile ambitions, after President Donald Trump pulled Washington out of a 2015 nuclear deal between Iran and six world powers.
“We continue to have bilateral discussions” with each of the countries, including India, Campos said.
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