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March 15, 2012 12:18 am
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U.S. May Have to Impose Sanctions on India Over Iranian Oil

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Indian Prime Minister Dr. Manmohan Singh with President Obama. Photo: wiki commons.

Bloomberg – Obama administration officials say they are worried India may run afoul of a new U.S. law restricting payments for Iranian oil, forcing the White House to impose sanctions on one of its most important allies in Asia.

So far this year, India is failing to cut back its purchases of Iranian oil, which may force President Barack Obama to impose penalties as early as June 28, according to several U.S. officials who spoke on condition of anonymity because of the sensitivity of the issue.

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