US which has been asking India to cut oil imports from Iran has said that the reduction has happened not because of its pressure but due to 'financial and commercial considerations'.

"Progress

India 'cannot just rupture' ties with Iran, Trade Minister Anand Sharma said on Wednesday, adding New Delhi will discuss oil imports from Tehran at a meeting of emerging world powerhouses.

India coul

US Treasury Secretary Timothy Geithner has lauded India for being 'very supportive' in many respects on the issue of sanctions against Iran.

Geithner, in response to questions from lawmakers, said U

India will continue to import oil from Iran without violating any international law, and has requested the United States and the European Union to take into account India's oil needs, Oil Minister Jai

India, publicly disdainful of sanctions to pressure Iran, has been left off a list of nations given a U.S. waiver from the measures, but is privately pushing its refiners for substantial cuts in impor

The United States has served notice on India and 11 other major importers of Iranian oil that a decision on imposing financial sanctions on them would depend on progress in cutting down supplies from

The United States has not included India and China in a list of 11 nations that would be spared financial sanctions as they have significantly reduced purchases of Iranian crude oil.

The exempted cou

The United States has threatened to impose sanctions on India if it fails to reduce its purchases of Iranian oil, according to a media report citing unnamed Obama administration officials.

A decision

Amid reports claiming America has threatened India with sanctions if it does not reduce its Iranian oil imports by June end, US officials on Friday said Washington and New Delhi are having 'product

India is making steps in the right direction to impose sanctions on Iran but not enough progress has been made in persuading China to do so, according to Secretary of State Hillary Clinton.

"With res