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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:1,500,675 Joined:Nov 2005	Message Posted: Feb 6, 2012 9:08:04 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:26,043 Points:1,982,485 Joined:Aug 2006	Message Posted: Feb 6, 2012 3:29:00 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:1,673 Points:321,385 Joined:Jun 2011	Message Posted: Feb 6, 2012 2:04:23 AM Ignore dh0770 Report Abuse Haha cimilluca1, so true!
mrreferee All-Star Author Savannah Posts:652 Points:264,740 Joined:Jun 2011	Message Posted: Feb 6, 2012 12:19:31 AM Ignore mrreferee Report Abuse p nds close and your enmies closer.
pgerassi Champion Author Milwaukee Posts:9,044 Points:1,768,660 Joined:Apr 2007	Message Posted: Feb 6, 2012 12:16:55 AM Ignore pgerassi Report Abuse Hit India hard if they don't want to play ball.
cimilluca1 Sophomore Author New York Posts:193 Points:157,325 Joined:Aug 2011	Message Posted: Feb 6, 2012 12:03:52 AM 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 11:58:39 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:5,816 Points:1,034,830 Joined:Aug 2008	Message Posted: Feb 5, 2012 11:58:38 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:1,897 Points:476,830 Joined:Dec 2010	Message Posted: Feb 5, 2012 11:54:21 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:926 Points:185,605 Joined:May 2010	Message Posted: Feb 5, 2012 11:51:19 PM Ignore crazycow2332 Report Abuse ok
sljbc475 Champion Author Tucson Posts:2,385 Points:509,350 Joined:Dec 2010	Message Posted: Feb 5, 2012 11:50:51 PM Ignore sljbc475 Report Abuse Make India pay a fine!
fenster66 Champion Author Pittsburgh Posts:1,503 Points:310,890 Joined:May 2011	Message Posted: Feb 5, 2012 11:49:20 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 11:48:54 PM Ignore JesseJack52 Report Abuse GOOD LET'S GET TOUGH ON iNDIA AND cHINA BOTH SMALL THINKERS
tippybuddy Champion Author Ontario Posts:1,347 Points:181,520 Joined:Feb 2011	Message Posted: Feb 5, 2012 11:39:00 PM Ignore tippybuddy Report Abuse I agree life choices are tough
CptnCanada Champion Author Saskatoon Posts:5,508 Points:708,725 Joined:Jun 2008	Message Posted: Feb 5, 2012 11:37:10 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:6,856 Points:1,098,945 Joined:Oct 2008	Message Posted: Feb 5, 2012 11:36:12 PM Ignore granitestater Report Abuse bummer, ain't it?
sit Champion Author Cleveland Posts:3,410 Points:1,573,165 Joined:Feb 2006	Message Posted: Feb 5, 2012 11:35:54 PM Ignore sit Report Abuse OK
idigau22 Champion Author Washington Posts:21,135 Points:2,905,910 Joined:Apr 2003	Message Posted: Feb 5, 2012 11:30:35 PM Ignore idigau22 Report Abuse √
goodbuy Champion Author Michigan Posts:6,015 Points:1,094,070 Joined:May 2005	Message Posted: Feb 5, 2012 11:30:03 PM Ignore goodbuy Report Abuse Life is full of tough choices.
72_Monte Champion Author Twin Cities Posts:5,958 Points:1,635,300 Joined:Aug 2005	Message Posted: Feb 5, 2012 11:26:55 PM Ignore 72_Monte Report Abuse What a country.
Thomtec All-Star Author Nashville Posts:713 Points:250,695 Joined:May 2011	Message Posted: Feb 5, 2012 11:25:11 PM Ignore Thomtec Report Abuse so sorry
sillywagon Champion Author New York Posts:11,718 Points:1,079,395 Joined:Oct 2008	Message Posted: Feb 5, 2012 11:22:57 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:4,254 Points:1,308,245 Joined:Jul 2008	Message Posted: Feb 5, 2012 11:21:43 PM Ignore my2002m Report Abuse I'm sure India will continue to buy oil from them.
orcar Champion Author Boise Posts:1,859 Points:522,985 Joined:Jun 2010	Message Posted: Feb 5, 2012 11:19:07 PM Ignore orcar Report Abuse US companies stopping their outsourcing to Inida would get their attention.
pse91 All-Star Author Calgary Posts:617 Points:281,390 Joined:May 2011	Message Posted: Feb 5, 2012 11:19:06 PM Ignore pse91 Report Abuse This problem will get bigger.
SparkieMi Champion Author Kalamazoo Posts:1,450 Points:236,350 Joined:Sep 2011	Message Posted: Feb 5, 2012 11:18:56 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:1,059 Points:394,795 Joined:Feb 2011	Message Posted: Feb 5, 2012 11:18:19 PM Ignore radiorumor Report Abuse This is going to cost us at the pump
LCSTEELERBOB Champion Author Gary Posts:2,244 Points:550,750 Joined:Oct 2008	Message Posted: Feb 5, 2012 11:14:49 PM Ignore LCSTEELERBOB Report Abuse if we make money (oil) we help if not bye bye
bluebird1 Champion Author Toronto Posts:13,966 Points:2,757,815 Joined:May 2004	Message Posted: Feb 5, 2012 11:14:21 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 11:14:04 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:6,139 Points:1,217,230 Joined:Nov 2008	Message Posted: Feb 5, 2012 11:10:14 PM Ignore abcdMA Report Abuse India will want more financial aid from us to comply
Alfied Champion Author Riverside Posts:6,124 Points:1,399,985 Joined:Jun 2001	Message Posted: Feb 5, 2012 11:07:26 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 11:06:15 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:190,650 Joined:Sep 2011	Message Posted: Feb 5, 2012 11:06:11 PM Ignore nvwarped Report Abuse ok
AByteShort Champion Author Cincinnati Posts:66,860 Points:2,188,990 Joined:Oct 2004	Message Posted: Feb 5, 2012 11:00:35 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 11:00:10 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 10:58:05 PM Ignore gasaholicMO Report Abuse Ok.
baconnie Champion Author Dallas Posts:2,681 Points:536,640 Joined:Jun 2008	Message Posted: Feb 5, 2012 10:55:59 PM Ignore baconnie Report Abuse Ok
carman11 Champion Author North Carolina Posts:1,460 Points:328,720 Joined:Jun 2011	Message Posted: Feb 5, 2012 10:54:12 PM Ignore carman11 Report Abuse Goes to the highest bider.
slowpoke63 Champion Author Louisiana Posts:1,322 Points:619,560 Joined:Jul 2009	Message Posted: Feb 5, 2012 10:52:43 PM Ignore slowpoke63 Report Abuse Interesting.
HA4CNN Champion Author Toronto Posts:3,965 Points:1,201,240 Joined:Dec 2006	Message Posted: Feb 5, 2012 10:49:48 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:6,735 Points:1,934,360 Joined:Sep 2005	Message Posted: Feb 5, 2012 10:49:31 PM Ignore AnObserver Report Abuse The ins and outs of global oil politics
GigHarborHound All-Star Author Tacoma Posts:931 Points:165,280 Joined:Sep 2011	Message Posted: Feb 5, 2012 10:48:06 PM Ignore GigHarborHound Report Abuse Interesting situation!
DrLyon Champion Author Michigan Posts:4,926 Points:853,880 Joined:May 2006	Message Posted: Feb 5, 2012 10:46:13 PM Ignore DrLyon Report Abuse Know your allies......
clermont40miles Champion Author Cincinnati Posts:8,180 Points:1,411,750 Joined:Apr 2008	Message Posted: Feb 5, 2012 10:44:24 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:4,424 Points:780,905 Joined:May 2008	Message Posted: Feb 5, 2012 10:44:06 PM Ignore us4usa Report Abuse So are we going to sell oil to India???
carefrey Champion Author Orlando Posts:3,831 Points:813,230 Joined:Sep 2009	Message Posted: Feb 5, 2012 10:43:24 PM Ignore carefrey Report Abuse Lets hope so!
Buck_on_Bass Champion Author Tennessee Posts:5,701 Points:1,129,770 Joined:Jul 2007	Message Posted: Feb 5, 2012 10:42:14 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:560 Points:325,700 Joined:Apr 2011	Message Posted: Feb 5, 2012 10:39:41 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:7,005 Points:1,487,710 Joined:Aug 2005	Message Posted: Feb 5, 2012 10:35:56 PM Ignore WIPACKERFAN Report Abuse India need to do what is good for India. Let the chips fall where they may.