Heena Sharma Blog

India's refiners currently use SBI and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros Current Affairs News : India's imports of Iranian oil may be hit from end-August after the State Bank of India (SBI) informed refiners it will not handle payments for crude from Tehran from November onwards, the finance chief ofIndian Oil Corp (IOC) said on Friday. The move by the state-controlled bank, India's biggest, comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days. "(Oil) loading will be affected from end-August under the current mechanism unless a new payment route is established," IOC's A K Sharma told Reuters in a telephone interview. 2017/18 due to a dispute over a giant gas field, Iran remained its third-biggest oil supplier. Iran supplied about 458,000 barrels per day (bpd), or about a tenth of India's more...

   The decision to violate and withdraw from the Iran anti-nuclear  deal is one of the most dangerous foreign policy blunders in recent  memory International News : President Trump’s decision to violate and withdraw from the Iran anti-nuclear deal   is one of the most dangerous foreign policy blunders in recent memory, setting the stage for a war that one analyst has noted could “make the Afghan and Iraqi conflicts look like a walk in the park.” The decision to go back on a U.S. commitment to a deal that even U.S. Central Command chief Gen. Joseph Votel and Secretary of Defense James Mattis have acknowledged were working is the ultimate unforced error, and the potential consequences could not be more dire. Donald Trump is crowing about keeping his promise to scuttle the deal, but this is one promise that should never have been made. The results of yesterday’s decision could include a greater chance that Iran will decide to acquire a nuclear weapon, ...