India, other nations to benefit from US waiver on Iran oil buys, says Dharmendra Pradhan
Updated : November 05, 2018 06:40 AM IST
The United States said on Friday it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions on Monday to try to force Iran to curb its nuclear, missile and regional activities. It did not name the countries which would benefit.
Petroleum minister Dharmendra Pradhan said it won the waiver largely due to a forceful campaign by Prime Minister Narendra Modi. India had been vocal at international forums about rising oil prices and its impact on the economy.
China, India, South Korea, Turkey, Italy, the United Arab Emirates and Japan have been top importers of Iran's oil, while Taiwan occasionally buys cargoes of Iranian crude but is not a major buyer.