Washington: The US State Department Spokesperson Heather Nauert on Thursday said that the Donald Trump-led government is working with other countries on a case-by-case basis on the possibility of sanction waiver for Iran Oil imports. With this, India has come one step closer to a deal with the United States that will allow it to continue buying crude oil from Iran without attracting any sanction. Also Read - 'Disappointing And Saddening': Truecaller on Being in The List of 89 Apps Banned by Indian Army
Speaking to news agency ANI, Nauert said, “The United States is in the midst of an internal process to consider significant reduction exceptions for individual countries. We are working with countries on a case-by-case basis.” She further added that their goal remains to get to zero oil purchases from Iran as quickly as possible. Also Read - Namami Gange: World Bank Provides $400 Million to Rejuvenate Ganga River in India
US sanctions on Iran’s oil buyers snap back on Monday, forcing importing countries to negotiate with the US for waivers by making cuts in purchases or risk getting blocked from the US financial system. Also Read - After Visa Ban, US Mulls Additional Presidential Action Against China
India on Thursday said it was engaged with the US, Iran and other stakeholders on the issue of American sanctions on the import of Iranian oil, amid indications that the Trump administration may grant New Delhi waiver from punitive measures.
Sources claimed that India, which is the second biggest purchaser of Iranian oil after China, is willing to restrict its monthly purchase to 1.25 million tonnes or 15 million tonnes in a year (300,000 barrels per day), down from 22.6 million tonnes (452,000 barrels per day) bought in 2017-18 financial year.
When MEA spokesperson Raveesh Kumar was asked if the reports that the US was going to grant India a waiver from the Iran sanctions, he said the government has not heard anything from Washington. The US has told India and other countries to cut oil imports from the Gulf nation to “zero” by November 4 or face sanctions.
He also said that the US is aware of how oil is critical for sustaining the economic growth of India. “India will continue to engage with US stakeholders to ensure energy security isn’t compromised,” he added.