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Bloomberg's businessweek.com, quoting informed sources, is reporting that Indian refiners are seeking Saudi crude as Iran warns of an impending cutoff of its oil deliveries to the country. Iran has said in recent days that it will cutoff all deliveries by August 1 if India could not find a way to settle its outstanding bills totaling more than $5 billion. Indian refiners say the economic sanctions against Iran have made banks unwilling to transfer funds to Iran.
Originally posted by TheodoreBundy
Things are really lookin WWIII'ish.
Originally posted by originunknown
Thats fair enough isn't it? if India dont pay they dont get.
Originally posted by Misterlondon
Originally posted by originunknown
Thats fair enough isn't it? if India dont pay they dont get.
It's not that India are not paying their bills, it's more a case of being unable to pay because of sanctions imposed on Iran..
Originally posted by Misterlondon
Originally posted by originunknown
Thats fair enough isn't it? if India dont pay they dont get.
It's not that India are not paying their bills, it's more a case of being unable to pay because of sanctions imposed on Iran..
Originally posted by originunknown
Thats fair enough isn't it? if India dont pay they dont get.