Iran sanctions end: Cheaper oil, more trade opportunities for India - THE HINDU
“We can sign commercial deals with Iran since payment is no longer an issue”.
The lifting of the sanctions on Iran will benefit India with lower oil prices and more opportunities for trade, according to experts. It should also bring the proposed India-Iran gas pipeline closer to reality.
“There will be a further softening of global crude prices. Iran will gradually ramp up production by 0.5 million barrels per day over the next six months. This will add to the overall supply glut,” K. Ravichandran, senior vice-president and co-head, corporate sector rating at ICRA told The Hindu.
Iran sanctions end: Cheaper oil, more trade opportunities for India - THE HINDU
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