India Bows to US Pressure, Prepares for Cut in Oil Imports From Iran: Report

India has said it does not recognise unilateral restrictions imposed by the U.S., and instead follows U.N. sanctions. But the industry sources said India, the biggest buyer of Iranian oil after China, will be forced to take action to protect its exposure to the U.S. financial system.

from Top Business News- News18.com https://ift.tt/2yS1G9w