The United States has threatened India and other countries with sanctions for trade relations with Iran. However, India has put its foot down and assured Iran over continuing trade and economic ties.
The assurance was given by Suresh Prabhu in his bilateral meeting with Iranian roads and transport minister, Abbas Akhoundi. Prabhu talked about how India and Iran have had a very good level of bilateral trade in FY18 which was at around $14 billion. Iran is also the third largest supplier of crude oil to India.