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Iranian Oil
April 24 , 2019
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- The U.S. has decided that it will not renew exemptions from its sanctions for countries importing oil from Iran.
- The ending of sanction waiver is part of the US strategy to exert maximum pressure and isolate Iran.
- India, China, and U.S. allies Japan, South Korea and Turkey will be the most impacted.
- India is the second biggest buyer of Iranian oil after China.
- India should get a waiver from the U.S. for both
- Oil Import
- Development of Chabahar Port
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