Iran is back to depending on "old friend" India now that US sanctions are looming ahead 8Iran's enthusiastic European friends seem to be deserted the ship. Almost all European companies have withdrawn from Iran. 8But handling Iran will always be a challenge for India, given that Iranians have few allegiances. 8Should OVL proceed with the Farzad B Block assuming that the Iranians will be keener now to handle it over than ever before? Click on Reports for a comprehensive analysis of what is going on in Iran's oil & gas industry today.