Iranian Oil

India’s Dependence on Iranian Oil

Given that Iran accounts for about 13 percent of India’s oil imports, large Indian businesses face a deep crisis as India was expected to decrease oil imports from Iran to zero before May 2.

Considering the US’ inconsistent Iran policy and the profound political instability inside Iran (with the potential for further destabilization), it is perhaps time for countries like India, which are dependent on Iranian oil, to reduce their oil imports from the country.

Read the full article on K24 TV Channel’s Publishing-Site Kurdistan 24 (click here).