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IPFS News Link • Sanctions

India Joins China In Defying Trump, Will Allow Imports Of Iranian Oil

• by Tyler Durdan

According to Reuters, New Delhi's attempt to keep Iranian oil flowing mirrors a step by China, where buyers are shifting nearly all their Iranian oil imports to vessels owned by National Iranian Tanker Co (NITC). China previously said that it would not stop buying Iranian oil despite U.S. efforts to bring the Iranian exports down to 'zero.' But Beijing is also said to have agreed not to increase its oil purchases from Iran.