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The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

India should reduce or stop crude oil import from Iran: Moody's

US is working with countries that import Iranian oil to cut their purchases substantially.

27 Sept 2018 12:41 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Govt has not told refiners to halt Iranian oil imports: source

India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern...

26 Sept 2018 5:45 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sept 2018 2:31 PM IST