India looks at waiver from US sanctions against oil trade with Iran
After making massive cuts in oil imports from Iran, India is looking to a waiver from US financial sanctions on its oil trade with Iran so as to continue to get supplies from the Persian Gulf nation.
Union Petroleum and Natural Gas Minister S. Jaipal Reddy today said that India will continue to import oil from Iran without violating any international law and has requested the United States and the European Union to take into account India's oil needs.Reddy's comments come in the wake of US saying that it could impose sanctions on countries imposing the product.