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Insurers back out; India may stop importing Iran oil

Indian refiners may soon be forced to stop importing crude oil from Iran after insurance companies said refineries processing oil from the Persian Gulf nation will no longer be covered.Western......

Iran's currency crisis hits India's exports

With Iran facing a currency crisis in the aftermath of US sanctions, Indian exporters are having a tough time exporting to the Islamic republic.For example, between April and September, exports of......

India to pay for Iran's oil in gold

India has decided to pay Iran in gold for its oil purchases, writes Faisal KidwaiIndia has decided to pay Iran in gold for the oil it purchases, according to a report carried by an Israeli news......

India ignores US, opens up Iran oil strategy

India has decided to ignore the US call to freeze its economic relationship with Iran, citing strategic national interest, even as the government is working towards a multi-layered strategy that......

India makes oil payment to Iran after 5 mths

India has made its first payment in more than five months for crude oil its buys from Iran when a $100 million wire-transfer by Mangalore Refinery and Petrochemicals Ltd was received by Tehran via......

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