US, Allies Working to Offset Loss of Iranian Oil, Mnuchin Says
Error: Contact form not found.
by Reuters and Algemeiner Staff

A general view of Abadan oil refinery in southwest Iran, is pictured from the Iraqi side of the Shatt al-Arab, Sept. 21, 2019. Photo: Reuters / Essam Al-Sudani.
The United States is working with allies to ensure adequate global oil supplies after its sanctions barred nations from buying Iranian crude, US Treasury Secretary Steven Mnuchin said on Friday.
Mnuchin spoke to reporters during a trip to India — which was one of the main importers of Iranian oil until New Delhi stopped the shipments this May in the aftermath of the US sanctions.
“We are working with our allies to make sure that there is significant supply in the market of oil to offset sanctions,” said Mnuchin, who is on a regional tour to try to build up support against Iran.
“We are sensitive to the fact that India has tremendous energy needs. Therefore we look forward to work with India on LNG (liquefied natural gas) … we had productive discussions,” he added.
Companies in the United States see India as a key buyer of super cooled gas after exports to China were hit by Washington’s escalating trade dispute with Beijing.
Tensions have been rising between longtime foes Tehran and Washington since last year when US President Donald Trump quit an international nuclear pact with Iran and imposed sanctions that had been lifted under the agreement.
India, which used to be Tehran’s top oil client after China, halted Iranian oil imports from May after Washington withdrew exemptions that had protected some buyers of Iranian crude.
India, the world’s third biggest oil consumer, had to scout for alternatives including increasing purchases from the United States to make up for the shortfall.
Indian Finance Minister Nirmala Sitharaman met Mnuchin and said she had told him about India’s role in developing Chabahar port in Iran.
Polish Far-Right Lawmaker Charged With Denying Nazi Crimes Over Auschwitz Gas Chamber Claims
Michigan AG Dana Nessel Suggests El-Sayed ‘Making Excuses’ for Terrorism, Warns of Antisemitism in Democratic Party
Gaza’s Peace Matrix Is Generating Glitches — and Israel Has Seen This Film Before
North American Aliyah Reaches Record High for August as Thousands Choose Israel Despite Regional Uncertainty
Jewish Family Finds Anti-Israel Note Inside Checked Luggage on Flight to Israel
Nearly 1,000 Hollywood Figures Condemn Mark Ruffalo’s ‘Antisemitic Theories’ About Paramount-Warner Bros. Merger
Stadium in Russia Says It Will Not Host Kanye West Concerts That Are Part of World Tour
Qatar PM Pursues Mediation in Tehran as US Ramps Up ‘Economic War’
Visa, Mastercard Launch International Card Payments in Syria After US Lifts Terrorism Designation
Kites Are Deadly — and Will Be Used to Target Jewish Civilians





Jewish Family Finds Anti-Israel Note Inside Checked Luggage on Flight to Israel
North American Aliyah Reaches Record High for August as Thousands Choose Israel Despite Regional Uncertainty
Nearly 1,000 Hollywood Figures Condemn Mark Ruffalo’s ‘Antisemitic Theories’ About Paramount-Warner Bros. Merger
The New York Times Refuses to Acknowledge the Harm and Demonization Its Reporting Has Caused
Kites Are Deadly — and Will Be Used to Target Jewish Civilians



