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Iran offers discounts to India on oil

Iran offers discounts to India on oil

If India agrees to buy more of its oil Iran has offered discounts on crude oil price and free shipping as well. India has indicated that it may not meet the 11 million tonne oil import target from Iran this year and Tehran is attempting to induce New Delhi to lift more oil.

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Further US sanctions may fail to cut Iran oil sales

Further US sanctions may fail to cut Iran oil sales

Media reports say that the US Congress is set to pass a bill to further squeeze Iran's oil exports - and its nuclear programme - but new sanctions may fail to cut Iran's crude sales. However, Tehran says its nuclear programme is for generating electricity and medical devices.