India-U.S relations- Iran issue

Why is it in news?
  • White House said that U.S is highly gratified by co-operation from a great friend and partner like India on the Iranian oil sanctions.
More in news
  • Indian steps on the Iranian oil sanctions:
    (1) India has brought down the import of oil from Iran, with which it has historic and cultural ties, to almost zero.
    (2) As per an open source information, Iranian export of oil for July was at 1,00,000 barrels per day, which is down considerably from the previous historic low of 7,81,000.
  • Way forward:
    (1) Both need to engage in mutually beneficial talks and identify and address each other’s concerns about trade policy.
    (2) India should address a number of US concerns by-extending the application of good governance principles like timely, transparent decision-making.
Source
The Hindu




Posted by Jawwad Kazi on 1st Aug 2019
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