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India says it only follows U.N. sanctions, not unilateral U.S. sanctions on Iran

India only abides by sanctions imposed by the United Nations and not those imposed by any other country, such as ones announced by the United States against Iran, India’s foreign minister said on Monday. U.S. President Donald Trump this month withdrew the United States from the Iran nuclear deal and ordered the reimposition of U.S. sanctions against Iran that were suspended under the 2015 accord. “India follows only U.N. sanctions, and not unilateral sanctions by any country,” she said at a news conference when asked about India’s response to the U.S. decision. …read more […]

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Saudi-Russia Oil Policy Shift

May.28 — Oil is heading for its longest run of losses in almost four months as Saudi Arabia and Russia discuss reviving output. That comes as they aim to ease consumer anxiety after prices jumped to levels last seen in 2014. Russian Energy Minister Alexander Novak says no one in OPEC is interested in seeing an overheated market. He spoke to Bloomberg’s Annmarie Hordern at the St. Petersburg International Economic Forum. …read more […]