India, one of Iran's last lifelines, to cut oil imports nearly in half in face of US sanctions
Business Insider -

Raheb Homavandi/Reuters

Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year.

Washington reimposed some of the pre-Iran deal financial sanctions from Aug. 6, while those affecting Iran's petroleum sector will come into force from Nov. 4.

India, Iran's No.2 oil client behind top buyer China, does not recognize the reimposed U.S. sanctions, but winning a waiver from the restrictions is a must for New Delhi to protect its...


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