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Iran, India trying to find way out of US sanctions: Daily

New Delhi, An English-language daily in India described the imminent visit of Iran's deputy foreign minister to India as a significant development amid the efforts by the two countries 'to find the best way of steering through the upcoming US sanctions'.

Abbas Araqchi who is described as a 'point person' by the Times of India on Saturday for the the nuclear deal Iran and major world powers signed in 2015. Under the agreement, known as the Joint Comprehensive Plan of Action (JCPOA), Iran accepted to curb its nuclear program in exchange for economic sanctions relief.

Despite several reports of the international nuclear watchdog on Iran's commitment to the deal, US President Donald Trump pulled Washington out of the deal in May.

The US has also threatened to impose sanctions, including the oil sanctions, on Iran from November.

Referring to the recent remarks by the US Secretary of State Mark Pompeo on possible waivers for some customers of Iran crude oil, the Indian daily pointed out that the world is facing supply problem without Iran, as well as Venezuela.

'US shale is being pumped out, but poor pipeline infrastructure is proving to be a problem. Saudi Arabia has promised to pump an addition 2 million barrels a day, but energy experts believe it cannot be more than one million,' the Times of India said.

The report also noted that if India is included in the waiver, it might also be able to save Chabahar and Central Asia corridor; a positive point to India as they are close to the strategy of the south Asian country.

Source: Islamic Republic News Agency - IRNA

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