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Iran: Depending on India eventually
Jun 18: The exit of European companies from Iran's oil business has begun in earnest.
8This leaves the Iranians with only a handful of counties who may be willing to play ball with them.
India is one of them.
8India has a large dependency on Iranian crude and asking for import of Iranian crude exemptions will be one strategy.
8But this time around, since sanctions are expected to be tougher, and it remains a moot point whether the banking system will be able to take the load of funding Iranian crude imports.
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