WASHINGTON: The Obama administration is threatening to impose sanctions on India over its continued economic ties with Iran amid disagreements between Washington and New Delhi over how much and how soon the latter is reducing oil imports from the (in US eyes) pariah nation.
India has "failed" to reduce its purchase of Iranian oil and if it doesn't do so, President Barack Obama may be "forced" to impose sanction, unnamed administration officials were cited as telling Bloomberg wire service.
A decision in this regard could come as early as June 28, they added, implicitly offering New Delhi a ten- week window to show a decline in Iranian oil imports.
Link:
US threatens sanctions against India over Iran oil - The Times of India
