Exporters seek revival of oil-rice barter trade with Iran
pre-market1 source ↓written by the desknot a recommendation
As U.S. sanctions deadlines approach, exporters are urging the Indian government to revive the oil-rice barter trade with Iran. The government recently acknowledged procuring oil and LNG from Iran after a seven-year hiatus, raising hopes for renewed trade relations. Key waivers for Iranian oil and the Chabahar port are set to expire this month, adding urgency to discussions.
Not investment advice. For informational purposes only.