India tells US Iranian oil cuts will continue: source


Reuters

NEW DELHI — India will continue to reduce its oil imports from Iran over time but did not discuss a target or time-frame for such reductions with U.S. special envoy Carlos Pascual on Tuesday, a source familiar with the discussions said.

Pascual, who has been pressing Iran’s importers to cut their imports, met foreign ministry officials in New Delhi. They discussed a waiver from U.S. financial sanctions, which are due to come into effect at the end of June, but came to no firm conclusions, the source said.

Both sides also discussed India’s significant imports of fertilizer from Iran, but again no firm decisions were made, the source said.