Motilal Oswal
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Motilal Oswal
July 12, 2018 11:31 AM IST | Economy

Why bowing to US pressure on Iran oil imports will hurt India

For every $1 increase in crude oil prices, the impact on India is likely to be around $ 1 billion.
India would have to shift from reasonably priced Iranian crude to more expensive Saudi crude.
Legally India can and should put the US actions to test.
Why bowing to US pressure on Iran oil imports will hurt India
Published Date: Jul 12th, 2018 09:05 AM | Updated Date: July 12, 2018 11:31 AM IST
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