India and Iran reach oil pay deal despite sanctions

[dipsydoodle]

India has reached an agreement with Iran on how to continue paying for its crude oil imports, as US-led sanctions against Iran are tightened.

India will pay 45% into Indian bank accounts opened by Iran and invest in Iranian infrastructure.

The sanctions are partly intended to block international bank transactions with Iran.

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BBC Bengali correspondent Suvojit Bagchi says India imports 12% of its crude oil from Iran, or 370,000 barrels a day.

http://www.bbc.co.uk/news/business-16940415

[lib2DaBone]

1. Bingo! This war with Iran has NOTHING to do with Nukes....

Iran has begun selling oil to China and Russia for Gold and Yuans (Not U.S. Petro Dollars).

The world Bankers CAN NOT allow this... as the war machine is based on the U.S. Petro Dollar as the world reserve currency. (for the Banksters... war is good.. because you destroy things that then have to be rebuilt at a higher interest rate)

Don't let them fool you.. this is why they are desperate to attack Iran.

[stockholmer]

2. ding ding ding, we have a winner!

[cstanleytech]

3. No, we have a theory.

A winner would have to have something called proof which this lacks though its certainly not out of the realm of possibility.

[ronnie624]

6. There are lots of differing motives driving U.S. foreign policy.

Profiting from conflict is definitely a powerful motivator, but controlling Middle Eastern energy reserves provides all sorts of economic and geo-strategic advantages.

But the Middle East cannot be dominated and exploited without first eliminating a potential deterrent to U.S. intervention, so it does have something to do with nukes. The U.S. cannot exercise hegemony in the region, as long as there is a potential nuclear power there.

[xchrom]

4. SEND IN THE DRONES!!11. nt

[Iliyah]

5. And here we thought

India was our friend.

[ronnie624]

7. There is only so much energy available on the global market.

India, who's energy needs are growing rapidly, has to get theirs from somewhere.