“Anyone but Iran,” is what the United States is telling India, as America attempts to persuade the country to go elsewhere for its oil needs.
There are currently no sanctions that would restrict India from continuing to do business with Iran, but any disruption in their relationship could cause the Iranian economy to be impacted significantly. Traditionally, India purchases around 12 percent of all its crude from Iran, a transaction that is worth around $12 billion each year. As the US continues to warn Iran to abandon its nuclear program or face the consequences, America is getting creative in finding ways to get them to crack.
Sources close to the matter tell Bloomberg that the US is considering getting involved in India’s oil trade and could offer assistance in broker deals with outside suppliers. At least three sources with inside knowledge have discussed the deal with the news outlet, but did so under condition of anonymity as details of the matter are intended to be kept confidential.