Iran's foreign minister has met with his Indian counterpart in New Delhi, days after India chose to follow USA restrictions on buying Iranian oil.
Decision on oil imports will be taken after general elections in India, External Affairs Minister Sushma Swaraj has conveyed this to Iran. It didn't give any details.
After the US' announcement, India, the second largest buyer of Iranian oil after China, had said it was adequately prepared to deal with the impact of the decision to end waiver.
With the USA linking its help in getting Jaish-e-Mohammed founder Masood Azhar designated as a global terrorist by the United Nations 1267 Sanctions Committee to India ending oil purchases from Iran, the Modi government has little room to negotiate at this point.
Washington has renewed sanctions on Iran in an attempt to eliminate all of its oil revenue, which it says funds destabilizing activity throughout the Middle East and beyond.
Three of the eight countries who received the waivers, namely Greece, Italy, and Taiwan, have already reduced their Iranian oil imports to zero. The waiver ended early this month.
Zarif emphasized, "India is consistent with Iran in many areas and such bilateral dialogues and exchanges are absolutely necessary for strengthening relations between the two countries".
In her meeting with visiting Iranian Foreign Minister Mohammad Javad Zarif, Swaraj said the decision on the oil imports will be taken after the elections. But with President Donald Trump announcing the U.S. pullout previous year, the United States has again turned on the heat on Iran.
During the visit, India and Iran signed almost a dozen agreements, centrepiece of which was a deal on development of Chabahar port.
India committed up to $500 million for the development of Chabahar along with associated roads and rail lines.