US Sanctions on Iranian Oil: the Reasons and Challenges Explained

News and Views
05/05/2019 7 min Episodio 630
US Sanctions on Iranian Oil: the Reasons and Challenges Explained

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Episode Synopsis

The United States has announced that it will no longer waive sanctions for nations buying crude oil from Iran. The waivers are due to expire in May. The announcement has elicited knee-jerk reactions from the nations affected, not least India, which imports more than 80% of its oil needs.


Why is the US trying to cut off Iran’s oil revenue? What are the reasons behind this move and what is India planning to do?


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