01 JUL,2019 | MEDC
Tensions between the US and Iran have been growing steadily since May when America ordered all countries to halt imports of Iranian oil. The US administration essentially wants to force Iran to open talks on its nuclear and missile programmes and its activities in the region. India, which is heavily dependent on West Asian oil, is looking on with increasing trepidation at the rising hostility between the US and Iran. The Navy has deployed two ships to the Persian Gulf to provide security to Indian-flagged vessels. The government has also reached out to Saudi Arabia and the OPEC coalition to ensure that they make efforts to maintain crude prices at reasonable levels. America has assured India that if there is a disruption in the supply of Iranian oil, they will fill that gap cost-effectively. This tension needs to be defused at the earliest possible in the interest of the global economy.
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