The US had asked the oil importers of Iran to slowly reduce their import rates and to start accepting other fuel options.
So will India bend to US demand?
No formal orders have been issued as yet by the government on cutting oil imports from Iran even as New Delhi has been receiving “informal indications” from the United States that has made it (India) hopeful that some kind of arrangement may be worked out so that the Indo-Iranian cooperation on the Chabahar port project is not affected, sources said on Wednesday.
READ ALSO: Will India stop buying oil from Iran because US said so?
New Delhi has also been encouraged by the recent comments of a US government functionary that the US is prepared to “work with countries that are reducing their (Iranian oil) imports on a case by case basis”.
“Iran is an important near-neighbor. We are an oil-dependent economy. Ultimately we have to act in what is in our national interest,” sources said.
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