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Thursday, November 1, 2018

US agrees to grant India waiver from Iran sanctions :ET Bureau|Nov 01, 2018, 07.50 AM IST

By Sanjeev Choudhary
Iran-oil-Reuters


New Delhi: The US has broadly agreed to grant India a waiver from Iran sanctions after the Indian side decided to cut oil imports from Tehran by about a third in 2018-19, sources familiar with the matter said, adding that an official announcement could be made over the next few days. 

The US plans to re-impose oil-related sanctions on Iran on November 4 to choke the Islamic Republic’s biggest source of income and pressure it to renegotiate a new nuclear deal. 


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