India & Iran drop dollar in oil trade to bypass USA sanctions

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After the US pulled out of the Iran nuclear deal and announced sanctions are returning, Total, like many other companies doing business in or with Iran, is concerned about being exposed to secondary USA sanctions if they continue operations in Iran.

According to the state-run news agency, the Islamic Republic is holding high-stakes meetings with key USA allies to help avoid the recently re-imposed American sanctions; saying Iran is "improving relations with other countries" to bypass the new economic restrictions.

Swaraj on Monday met Iranian Foreign Minister Javad Zarif, in New Delhi to build support against the USA rejection of the nuclear accord.

After Swaraj's meeting with Zarif ended, a government official said India wanted countries that are in the deal (four permanent UN Security Council members besides Germany and the European Union) to constructively engage with Tehran in the wake of the US's sudden exit, agencies reported.

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The president called for Congress to draft a Summer immigration bill to address the ongoing problems at the border. During those two months a total of about 8,400 unaccompanied minors were caught on the southwest border.

The State Department also is scrambling to respond to Iran's efforts by building a counter-coalition aimed at isolating Tehran and any nation that works with Iran to skirt new US sanctions, USA officials told the Washington Free Beacon.

India will reportedly pay for Iranian oil in rupees as the two countries seek to bypass the United States economic pressure on Tehran, industry officials have told the Sputnik news agency.

India trades with Iran in Euros, which are not under the purview of the US Department of the Treasury.

Bilateral trade between India and Iran amounted to $12.9 billion previous year.

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"There is a lot of concern in the US, in both the administration and the Congress, over the S-400 system", US Arms Service Committee Chairperson Mac Thornberry told reporters in New Delhi.

Trump is also considering new sanctions on Russian Federation, a historic ally and key supplier of arms to India, related to allegations that Vladimir Putin's government interfered in the USA election. "We believe in United Nations sanctions but not in country-specific sanctions", she pointed out. To continue with this quest, he has backed an "all of the above" energy strategy much like that of former United States president Barack Obama.

Zarif called the visit to India "fruitful" in a tweet.

The Chabahar deal isn't so much a sign of India's love of Iran as it is a way to develop an independent shipping route which cuts Pakistan out of the loop. Also, India has their own history of conflict and experience with countries that fall under socialist or communist dictators in their part of the world.

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Logan added that Xi had broken a promise he made to the worldwide community that China would not militarise the Spratly Islands. Davidson suggested, the United States would be unable to reverse that dominion short of a almost unthinkable war.

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