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India in bind over Iran oil import as US seeks tighter sanctions to curtail its nuclear programme

Times Of India -- India will have to walk a fine line between continuing to source oil imports from Iran and escalating pressure from the US and Europe to adhere to tighter sanctions against the Islamic republic designed to prevent it from weaponizing its nuclear programme.

New Delhi may be staunchly opposed to Tehran acquiring nuclear weapons, but is caught in a bind since it cannot afford to substantially cut back energy imports from Iran, which as India's second largest supplier after Saudi Arabia meets 12% of its total oil requirements.

Tighter Western sanctions will make it harder for India to pay for the oil it sources from Iran, especially since Washington has declared it will ban from the American market all financial institutions that transact petroleum business with Tehran's Central Bank from

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Submitted Feb 05, 2012 By: skb69sa

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wild3bill Champion Author New York Posts:2,191 Points:1,499,300 Joined:Nov 2005	Message Posted: Feb 6, 2012 8:08:04 AM Ignore wild3bill Report Abuse Members of the exclusive Nuke Club want India and Iran either kicked out of kept out. they are NON-GRATA...
tomok Champion Author Portland Posts:26,008 Points:1,980,435 Joined:Aug 2006	Message Posted: Feb 6, 2012 2:29:00 AM Ignore tomok Report Abuse India will get its oil from whomever it can, if it’s Iran then so be it. All the US and the world can do is talk, talk, talk! If the world imposed sanctions on the US, would they make them walk a ‘fine line’ too? The price of fuel at the pump is too high! 12/22/2012!
dh0770 Champion Author Colorado Posts:1,663 Points:319,335 Joined:Jun 2011	Message Posted: Feb 6, 2012 1:04:23 AM Ignore dh0770 Report Abuse Haha cimilluca1, so true!
mrreferee All-Star Author Savannah Posts:652 Points:263,990 Joined:Jun 2011	Message Posted: Feb 5, 2012 11:19:31 PM Ignore mrreferee Report Abuse p nds close and your enmies closer.
pgerassi Champion Author Milwaukee Posts:9,039 Points:1,767,585 Joined:Apr 2007	Message Posted: Feb 5, 2012 11:16:55 PM Ignore pgerassi Report Abuse Hit India hard if they don't want to play ball.
cimilluca1 Sophomore Author New York Posts:193 Points:155,825 Joined:Aug 2011	Message Posted: Feb 5, 2012 11:03:52 PM Ignore cimilluca1 Report Abuse This could be very interesting......If this keeps up the next time I call customer service it might be someone I actually understand!
defiancegasman Champion Author Ohio Posts:5,863 Points:1,073,530 Joined:May 2006	Message Posted: Feb 5, 2012 10:58:39 PM Ignore defiancegasman Report Abuse Birds of a feather.... put the SANCTIONS on INDIA TOO! Same for CHINA if they but oil from IRAN!!
outlaw329 Champion Author Austin Posts:5,806 Points:1,032,780 Joined:Aug 2008	Message Posted: Feb 5, 2012 10:58:38 PM Ignore outlaw329 Report Abuse If India chooses Iran then we need to get all computers jobs back in the U.S.
PoohMcGoo Champion Author South Carolina Posts:1,887 Points:474,780 Joined:Dec 2010	Message Posted: Feb 5, 2012 10:54:21 PM Ignore PoohMcGoo Report Abuse I guess they have to pick a side.. can't sit on the fence like some presidents..
crazycow2332 All-Star Author Nashville Posts:916 Points:184,305 Joined:May 2010	Message Posted: Feb 5, 2012 10:51:19 PM Ignore crazycow2332 Report Abuse ok
sljbc475 Champion Author Tucson Posts:2,375 Points:507,300 Joined:Dec 2010	Message Posted: Feb 5, 2012 10:50:51 PM Ignore sljbc475 Report Abuse Make India pay a fine!
fenster66 Champion Author Pittsburgh Posts:1,498 Points:309,915 Joined:May 2011	Message Posted: Feb 5, 2012 10:49:20 PM Ignore fenster66 Report Abuse interesting...
JesseJack52 All-Star Author Virginia Beach Posts:612 Points:124,640 Joined:Sep 2011	Message Posted: Feb 5, 2012 10:48:54 PM Ignore JesseJack52 Report Abuse GOOD LET'S GET TOUGH ON iNDIA AND cHINA BOTH SMALL THINKERS
tippybuddy Champion Author Ontario Posts:1,339 Points:181,010 Joined:Feb 2011	Message Posted: Feb 5, 2012 10:39:00 PM Ignore tippybuddy Report Abuse I agree life choices are tough
CptnCanada Champion Author Saskatoon Posts:5,498 Points:708,175 Joined:Jun 2008	Message Posted: Feb 5, 2012 10:37:10 PM Ignore CptnCanada Report Abuse If India does not want to play ball then embargo India too.... and while we are at it send all their 7-11 mgrs back to them
granitestater Champion Author New Hampshire Posts:6,851 Points:1,097,870 Joined:Oct 2008	Message Posted: Feb 5, 2012 10:36:12 PM Ignore granitestater Report Abuse bummer, ain't it?
sit Champion Author Cleveland Posts:3,399 Points:1,571,115 Joined:Feb 2006	Message Posted: Feb 5, 2012 10:35:54 PM Ignore sit Report Abuse OK
idigau22 Champion Author Washington Posts:21,119 Points:2,904,710 Joined:Apr 2003	Message Posted: Feb 5, 2012 10:30:35 PM Ignore idigau22 Report Abuse √
goodbuy Champion Author Michigan Posts:6,010 Points:1,092,245 Joined:May 2005	Message Posted: Feb 5, 2012 10:30:03 PM Ignore goodbuy Report Abuse Life is full of tough choices.
72_Monte Champion Author Twin Cities Posts:5,948 Points:1,633,250 Joined:Aug 2005	Message Posted: Feb 5, 2012 10:26:55 PM Ignore 72_Monte Report Abuse What a country.
Thomtec All-Star Author Nashville Posts:713 Points:249,195 Joined:May 2011	Message Posted: Feb 5, 2012 10:25:11 PM Ignore Thomtec Report Abuse so sorry
sillywagon Champion Author New York Posts:11,708 Points:1,077,595 Joined:Oct 2008	Message Posted: Feb 5, 2012 10:22:57 PM Ignore sillywagon Report Abuse Next time I make a call for customer support, I will have to tell that person to demand his/her politicians that India support the sanctions against Iran.
my2002m Champion Author Tulsa Posts:4,244 Points:1,306,195 Joined:Jul 2008	Message Posted: Feb 5, 2012 10:21:43 PM Ignore my2002m Report Abuse I'm sure India will continue to buy oil from them.
orcar Champion Author Boise Posts:1,854 Points:521,260 Joined:Jun 2010	Message Posted: Feb 5, 2012 10:19:07 PM Ignore orcar Report Abuse US companies stopping their outsourcing to Inida would get their attention.
pse91 All-Star Author Calgary Posts:612 Points:279,665 Joined:May 2011	Message Posted: Feb 5, 2012 10:19:06 PM Ignore pse91 Report Abuse This problem will get bigger.
SparkieMi Champion Author Kalamazoo Posts:1,444 Points:234,430 Joined:Sep 2011	Message Posted: Feb 5, 2012 10:18:56 PM Ignore SparkieMi Report Abuse Very good posts by; duffee01, netman044, BKool, and amearly.. I have been asking many congressmen the same question for years, WHEN WILL THEY DO WHAT IS GOOD FOR OUR COUNTRY????? When another country is in need of help WE ARE THERE. When we need help where are they???? You can count them on less than a hand..
radiorumor Champion Author Texas Posts:1,049 Points:392,745 Joined:Feb 2011	Message Posted: Feb 5, 2012 10:18:19 PM Ignore radiorumor Report Abuse This is going to cost us at the pump
LCSTEELERBOB Champion Author Gary Posts:2,239 Points:548,800 Joined:Oct 2008	Message Posted: Feb 5, 2012 10:14:49 PM Ignore LCSTEELERBOB Report Abuse if we make money (oil) we help if not bye bye
bluebird1 Champion Author Toronto Posts:13,956 Points:2,755,765 Joined:May 2004	Message Posted: Feb 5, 2012 10:14:21 PM Ignore bluebird1 Report Abuse So they should, especially since they are making arrangements to augment supply & protect payments to Iran from US/European intervention. It means they are directly supporting terrorists just like Pakistan that they criticized.
WipeoutKing Rookie Author Calgary Posts:13 Points:439,260 Joined:Feb 2004	Message Posted: Feb 5, 2012 10:14:04 PM Ignore WipeoutKing Report Abuse All the more reason why both Canada and the US need the Keystone XL pipeline. It's time to quit stalling and get it done. The Gateway pipeline is not popular in the US, as it was originally intended to sell oil to China. But if it's built, it gives the option to tell India and Korea to buy friendly Canadian oil instead of hostile Iranian oil. So let's build this one too.
abcdMA Champion Author Worcester Posts:6,129 Points:1,215,180 Joined:Nov 2008	Message Posted: Feb 5, 2012 10:10:14 PM Ignore abcdMA Report Abuse India will want more financial aid from us to comply
Alfied Champion Author Riverside Posts:6,114 Points:1,397,935 Joined:Jun 2001	Message Posted: Feb 5, 2012 10:07:26 PM Ignore Alfied Report Abuse Have they checked out drilling their own wells?
mikerroy All-Star Author Albuquerque Posts:772 Points:372,805 Joined:May 2005	Message Posted: Feb 5, 2012 10:06:15 PM Ignore mikerroy Report Abuse Lets brink back the jobs from India that support USA companies.
nvwarped All-Star Author Corpus Christi Posts:881 Points:189,150 Joined:Sep 2011	Message Posted: Feb 5, 2012 10:06:11 PM Ignore nvwarped Report Abuse ok
AByteShort Champion Author Cincinnati Posts:66,849 Points:2,186,940 Joined:Oct 2004	Message Posted: Feb 5, 2012 10:00:35 PM Ignore AByteShort Report Abuse Obama needs to let Canada build the Keystone pipeline down to us. We would need less Oil from Arab nations. India could buy that oil.
lightninjack Sophomore Author Ohio Posts:173 Points:13,570 Joined:Dec 2011	Message Posted: Feb 5, 2012 10:00:10 PM Ignore lightninjack Report Abuse India should be careful...look what happened to the last indians that pissed us off...lol
gasaholicMO Champion Author Missouri Posts:2,620 Points:510,670 Joined:Apr 2010	Message Posted: Feb 5, 2012 9:58:05 PM Ignore gasaholicMO Report Abuse Ok.
baconnie Champion Author Dallas Posts:2,676 Points:535,665 Joined:Jun 2008	Message Posted: Feb 5, 2012 9:55:59 PM Ignore baconnie Report Abuse Ok
carman11 Champion Author North Carolina Posts:1,449 Points:326,670 Joined:Jun 2011	Message Posted: Feb 5, 2012 9:54:12 PM Ignore carman11 Report Abuse Goes to the highest bider.
slowpoke63 Champion Author Louisiana Posts:1,312 Points:618,260 Joined:Jul 2009	Message Posted: Feb 5, 2012 9:52:43 PM Ignore slowpoke63 Report Abuse Interesting.
HA4CNN Champion Author Toronto Posts:3,960 Points:1,200,190 Joined:Dec 2006	Message Posted: Feb 5, 2012 9:49:48 PM Ignore HA4CNN Report Abuse It is going to get rough so hang on to your hat and try to weather the storm.
AnObserver Champion Author New Jersey Posts:6,725 Points:1,932,310 Joined:Sep 2005	Message Posted: Feb 5, 2012 9:49:31 PM Ignore AnObserver Report Abuse The ins and outs of global oil politics
GigHarborHound All-Star Author Tacoma Posts:926 Points:164,305 Joined:Sep 2011	Message Posted: Feb 5, 2012 9:48:06 PM Ignore GigHarborHound Report Abuse Interesting situation!
DrLyon Champion Author Michigan Posts:4,917 Points:851,850 Joined:May 2006	Message Posted: Feb 5, 2012 9:46:13 PM Ignore DrLyon Report Abuse Know your allies......
clermont40miles Champion Author Cincinnati Posts:8,169 Points:1,409,700 Joined:Apr 2008	Message Posted: Feb 5, 2012 9:44:24 PM Ignore clermont40miles Report Abuse We can't make India do anything. Well, if we removed all the call centers, they may come to heel.
us4usa Champion Author Missouri Posts:4,420 Points:780,025 Joined:May 2008	Message Posted: Feb 5, 2012 9:44:06 PM Ignore us4usa Report Abuse So are we going to sell oil to India???
carefrey Champion Author Orlando Posts:3,821 Points:811,180 Joined:Sep 2009	Message Posted: Feb 5, 2012 9:43:24 PM Ignore carefrey Report Abuse Lets hope so!
Buck_on_Bass Champion Author Tennessee Posts:5,691 Points:1,129,220 Joined:Jul 2007	Message Posted: Feb 5, 2012 9:42:14 PM Ignore Buck_on_Bass Report Abuse No surprise here. We've seen that some countries may get squeezed in the sanctions.
pbear316 All-Star Author Akron Posts:555 Points:324,625 Joined:Apr 2011	Message Posted: Feb 5, 2012 9:39:41 PM Ignore pbear316 Report Abuse Since the US is a net exporter of oil now, we should be able to take up the slack. Oops, forgot to add my sarcasm markers.
WIPACKERFAN Champion Author Chicago Posts:6,995 Points:1,485,660 Joined:Aug 2005	Message Posted: Feb 5, 2012 9:35:56 PM Ignore WIPACKERFAN Report Abuse India need to do what is good for India. Let the chips fall where they may.