India Has to Walk a Tight Rope on Iran Oil Import

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No doubt Hillary Clinton on her visit to India is going to ask us to reduce our dependence on Iran for oil imports and they will press for assurance from us so that they can mount pressure on Iran to work as per UN guidelines and cease forthwith its nuclear power ambitions and projects associated with it.

We also sincerely hope that we work out a via media as we do have dependence on Iran for oil but as a nation we do have the responsibility to see that Iran works for the peace and prosperity in the world order rather than fighting for no #1 position in a particular region.

The Iran tesnions has great impact on crude prices and we can see that with tensions being reduced the oil price has also come down significantly.

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