Even as the waiver extended by the US to India and seven others on economic sanctions for crude import from Iran is to end shortly, a senior official of the Trump administration, Alice Wells, will be in New Delhi this week to discuss crucial bilateral issues with her Indian counterparts.
In a move that is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue, US President Donald J Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. Trump tweeted that “Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil. Iran is being given VERY BAD advice by @JohnKerry and people who helped him lead the US into the very bad Iran Nuclear Deal. Big violation of Logan Act?”
