Al-Monitor | Hamed A. Kermani: Earlier this month, Iranian and Indian officials finally reached an agreement on how India will pay for its oil imports from Iran. The agreement was finalized during Iranian Foreign Minister Mohammad Javad Zarif's visit to New Delhi on Jan. 7-10, in which he headed a high-ranking economic and political delegation. The ...

MNA Indias Shipping Secretary Gopal Krishna said the country is weighing a rupee-rial payment mechanism for the Chabahar project in Iran as it weaves a way around the USs impending sanctions against Iran from Nov. 4, to kickstart the port that is considered critical to the countrys geopolitical and trade interests. According to The Hindu ...

Sputnik- Industry sources told Sputnik that both countries are in consonance over the barter-like system, wherein Iran would allow India to make a portion of oil payments in Rupee through the state-run UCO Bank, which has no US exposure. New Delhi (Sputnik) Expediting the formation ofa mechanism towithstand US sanctions, India and Iran ...