India dumps Iran, squeezes Obama

thakur_ritesh

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TR, China can compensate its reduction in oil supply with other things. It may give weapons for free/discounted price, give long credit etc. India does not have that kind of leverage. We faced the balance of payment issue with them for the same reason. We stand to loose out on our investment in the Chhanar port as well. Need to further understand what kind of arrangement has been set up as we already have info about Iran being a transit route for NATO on the sly.
Yusuf,

We are trying. The barter system talked about by Mr Bhadrakumar in his article is in the same direction where that 45% trade in rupee will happen to which Iran has agreed to. The real problem will arise if tomorrow the US sanctions will cover stuff other than oil as well, but then again it will be universal and we wont be alone.

If you look at the 45% thing, you will realize we are the real gainers since the oil dependency is being reduced and Iran is being significantly made dependent on our exports to them, something that was never happening earlier. This what Mr Bhadrakumar is suggesting to as a blackmail on our part, but the fact is, Iran has cut down on its imports from others and is replacing with imports from countries like India.

If you look at the bigger picture, India's oil sourcing from Iran is reducing but our trade in value terms is increasing.
 

Yusuf

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Yusuf,

We are trying. The barter system talked about by Mr Bhadrakumar in his article is in the same direction where that 45% trade in rupee will happen to which Iran has agreed to. The real problem will arise if tomorrow the US sanctions will cover stuff other than oil as well, but then again it will be universal and we wont be alone.

If you look at the 45% thing, you will realize we are the real gainers since the oil dependency is being reduced and Iran is being significantly made dependent on our exports to them, something that was never happening earlier. This what Mr Bhadrakumar is suggesting to as a blackmail on our part, but the fact is, Iran has cut down on its imports from others and is replacing with imports from countries like India.

If you look at the bigger picture, India's oil sourcing from Iran is reducing but our trade in value terms is increasing.
What are Indian exports to Iran? Iran can also stop imports from India.

I am pro US, but do not agree with the US policy on Iran. US has missed a trick or two.

For the GCC countries it more about the Shia Sunni thing and the US is getting sucked into sectarian politics with future ramifications. The US along with Israel should have taken a less belligerent stance and worked out deals with Iran. Iran seeks to dominate the Mid East region especially among the Muslim countries. If it was given some kind of candy to suck on, we could have had a win win solution.
 

thakur_ritesh

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What are Indian exports to Iran? Iran can also stop imports from India.
We don't have significant imports to Iran but that is why the trade delegations are headed to each others' countries, the very idea is to increase exports from India to Iran and Iran is a willing partner.

I am pro US, but do not agree with the US policy on Iran. US has missed a trick or two.
Yes the US has missed a few tricks, and there is no denying, but Israel has too much of a say in the matter and if Obama doesnt follow them, he becomes anti-jew and something he cant afford if he intends to get re-elected.

For the GCC countries it more about the Shia Sunni thing and the US is getting sucked into sectarian politics with future ramifications. The US along with Israel should have taken a less belligerent stance and worked out deals with Iran. Iran seeks to dominate the Mid East region especially among the Muslim countries. If it was given some kind of candy to suck on, we could have had a win win solution.
Mate, is there a bigger ally of the US and Israel in the region than the GCC, think about it. They might posture differently but then they are all aligned as the wikileaks suggested.

Iran will be allowed to have its way because the shia-sunni thing helps the US and Israel keep the tempers high but not at the cost of nukes.
 

sukhish

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India is advancing slowly towards the U.S position, but is not surrendering completely as other EU countries are. India is negotiating hard about the NSG membership with all the member countries. that's where Iran card come handy. U.S can onlt put so much pressure on India. India may agree for more cuts,
but only once it's membership to NSG is assured.
 

Tronic

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Re: the topic

@all

It's not so simple. Nothing has changed. India's line on Iran has not changed. Words are simply being played around with to fit different narratives aswell as due to domestic and international political considerations.

India has not "dumped" Iran, we are simply scaling down because the situation has become tense in that region, and diversifying our sources helps with our energy security. We will continue to purchase from Iran, but at the same time, continue to diversify our sources, just so that if tomorrow, something goes haywire in that region and shots start to fly around, a huge chunk of our oil supply won't fall hostage to a conflict.

This is nothing different than what India had been doing from the start, The reason we continued to purchase the oil aswell was because we were getting Iranian oil dirt cheap, cheapest oil than any other country could offer us.

Now, this is all a uniform action, with India consistently watching out after its oil life line.

India increasing oil purchases, due to cheaper Iranian oil caused by the sanctions, and decreasing it now, due to diversification and protection of India's oil lines, was all done in keeping India's, and only India's interests in mind; not Iran's, not US's. The detractors will have you think otherwise, simply by misstating the intent behind India's actions.
 
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pankaj nema

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Our Foreign policy regarding Iran is simple and straight forward

We want to trade with them as much as possible but we cannot afford to antagonise the
WEST So CURRENTLY we are having this " symbolic and token "
trade of 10 Billion dollars worth of oil imports

We DO Not have 2 trillion in RESERVES like China

Iranians are facing a tough time because the International Banking SWIFT facilities
have been stopped

As a result their Imports and Exports are both suffering

India is infact supplying food as a payment for oil
 

pankaj nema

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Iranians will remember India as a friend which TRIED to HELP as much as Possible
within its own limitations

However our leverage is NIL when it comes to their Nuclear issue

WTF if US decides to go into Iran even Russia and China will not be able to stop it
 

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