Middle East Crisis: iran Amidst the ongoing tension between India and America, a new controversy has emerged regarding oil diplomacy. Iran’s Foreign Minister has accused America of adopting a double standards. He says that America, which was earlier pressurizing countries to stop buying Russian oil, is now appealing to the world to buy Russian oil.
Iran’s Foreign Minister Seyed Abbas Araghchi posted on social media platform But now after the two-week long war with Iran, the White House itself is appealing to the countries of the world, even India, to buy Russian crude oil.
What did Iran’s Foreign Minister say?
He wrote in his post that America kept India under pressure for months to stop importing Russian oil. But after two weeks of war with Iran, the same America is now requesting the world, including India, to buy Russian crude oil.
What did Seyed Abbas Araghchi say on Europe?
Iran’s Foreign Minister also accused European countries. He says that Europe has supported an illegal war against Iran in order to get America’s support against Russia. He said that Europe thought that by supporting this war against Iran, it would get America’s support against Russia, but this thinking is very weak. Araghchi shared this comment with a news, which stated that Russia is getting huge revenue benefits from rising oil prices.
What decision did Donald Trump take on oil?
This statement has come at a time when the Donald Trump administration took an important decision on Thursday. America has announced a 30-day exemption under which countries can buy Russian oil cargo stranded at sea. This step has been taken to stabilize the global energy market, as crude oil prices have reached above $ 100 per barrel due to the war in the Middle East.
This relaxation was given because there has been a sharp rise in oil prices due to war and supply disruption. Supply has also been affected by Iran’s closure of the Strait of Hormuz, one of the world’s most important maritime oil routes.
According to the US Treasury Department, this temporary license allows the delivery and sale of Russian crude oil and petroleum products that were loaded into ships by March 12. This permission will remain in effect till midnight on April 11, Washington time.
Had America given exemption earlier also?
Earlier on March 5, an exemption of 30 days was given, under which India was allowed to buy Russian oil cargo stranded at sea. This gave importers some flexibility in ensuring supplies during the current crisis. US Treasury Secretary Scott Bessant said that this decision is limited and temporary. He stressed that its purpose is only to stabilize the market and it will not bring any major economic benefit to Russia.
What relief did Iran give to India?
Meanwhile, despite the conflict, Iran has indicated to give safe passage to Indian ships. According to the report of news agency Reuters, Iran has allowed two Indian-flagged LPG ships to pass safely through the Strait of Hormuz. Iran’s Ambassador to India Mohammad Fathali said that Tehran will make arrangements for the safe passage of ships going to India through this important sea route.
When asked whether Indian ships would be given safe passage, he said yes, because India and Iran are friends. He said that both the countries have common interests and their future is also linked in many matters. This statement of the Ambassador has come at a time when just a few hours ago he had indicated that ships going to India can safely pass through this sea route within two to three hours.
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