Going extra lengths to find substitute for Iranian oil for countries like India: White House

The US is going extra lengths to find substitute for Iranian oil for countries like India and Iraq, the White House has said, as the Trump administration prepares to impose sanctions on nations defying its directive to bring their oil imports from the Gulf nation to zero by November 4.

US National Security Advisor John Bolton who last month met his Indian counterpart Ajit K Doval here, a week after the 2+2 dialogue in New Delhi, said the Trump Administration has made its views clear to the Indian side on oil imports from Iran.

The White House said Thursday as it reiterated its warning to all purchasers of Iranian oil to bring it down to zero by November 4 or face imminent sanctions from the United States.

President Donald Trump pulled the US out of the 2015 nuclear accord, saying it had "failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb" and did not deal with Tehran's "malign activities, including its ballistic missile programme and its support for terrorism".

"I've had conversations (with Indian officials on purchase of Iranian oil). Others in the administration have had conversations with senior Indian officials," Bolton told reporters at a White House news conference.

"One of the things I think that's important, whether it's for Iraq or India or anyone else -- particularly that's been a purchaser of Iranian oil -- we've gone to really extra lengths to try and find substitute sellers of oil so that there would be alternative supplies at market rates," Bolton said.

"That will help. This is something, obviously, the Obama administration wasn't doing at all. And I think this will help toward our effort of persuading companies and governments, particularly in Asia, that there are alternatives to Iran that they can pursue," he said in response to a question.

According to Bolton, as the second wave of sanctions come back onto Iran on November 4, the objective of the Trump administration is to put maximum pressure on the government in Tehran.

In an attempt to compel Iran to agree to a new accord, Trump reinstated sanctions that targeted the Iranian government's purchase of US dollars, Iran's trade in gold and other precious metals, and its automotive sector.

In November, a second batch of potentially more damaging sanctions will be re-imposed on Iran's oil and shipping sectors as well as its central bank.

"It's our objective that there be no waivers from the sanctions, that exports of Iranian oil and gas drop to zero," he said.

"I'm not saying we're necessarily going to achieve that, but nobody should be operating under any illusions, what the objective is. You can look at the possibility of reductions leading to zero. It doesn't have to happen immediately, perhaps," he said in a tacit acknowledgement that countries like India might not be able to bring down their oil purchase from Iran to zero.

"But 'this is not the Obama administration,' would be my message not just to Iraq but to everybody else. And the frequency and the ease of getting waivers and exemptions is not going to be our policy," he warned in a message to the international community not to take the American threat not seriously.

"I might say, also, that we're not going to stop with the resumption of the sanctions that existed pre-2015. We're looking at others that we can impose as well," Bolton said.

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia

The US is going extra lengths to find substitute for Iranian oil for countries like India and Iraq, the White House has said, as the Trump administration prepares to impose sanctions on nations defying its directive to bring their oil imports from the Gulf nation to zero by November 4.The US is going extra lengths to find substitute for Iranian oil for countries like India and Iraq, the White House has said, as the Trump administration prepares to impose sanctions on nations defying its directive to bring their oil imports from the Gulf nation to zero by November 4.
US National Security Advisor John Bolton who last month met his Indian counterpart Ajit K Doval here, a week after the 2+2 dialogue in New Delhi, said the Trump Administration has made its views clear to the Indian side on oil imports from Iran.

The White House said Thursday as it reiterated its warning to all purchasers of Iranian oil to bring it down to zero by November 4 or face imminent sanctions from the United States.
President Donald Trump pulled the US out of the 2015 nuclear accord, saying it had "failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb" and did not deal with Tehran's "malign activities, including its ballistic missile programme and its support for terrorism".
"I've had conversations (with Indian officials on purchase of Iranian oil). Others in the administration have had conversations with senior Indian officials," Bolton told reporters at a White House news conference.
"One of the things I think that's important, whether it's for Iraq or India or anyone else -- particularly that's been a purchaser of Iranian oil -- we've gone to really extra lengths to try and find substitute sellers of oil so that there would be alternative supplies at market rates," Bolton said.
"That will help. This is something, obviously, the Obama administration wasn't doing at all. And I think this will help toward our effort of persuading companies and governments, particularly in Asia, that there are alternatives to Iran that they can pursue," he said in response to a question.
According to Bolton, as the second wave of sanctions come back onto Iran on November 4, the objective of the Trump administration is to put maximum pressure on the government in Tehran.
In an attempt to compel Iran to agree to a new accord, Trump reinstated sanctions that targeted the Iranian government's purchase of US dollars, Iran's trade in gold and other precious metals, and its automotive sector.
In November, a second batch of potentially more damaging sanctions will be re-imposed on Iran's oil and shipping sectors as well as its central bank.
"It's our objective that there be no waivers from the sanctions, that exports of Iranian oil and gas drop to zero," he said.
"I'm not saying we're necessarily going to achieve that, but nobody should be operating under any illusions, what the objective is. You can look at the possibility of reductions leading to zero. It doesn't have to happen immediately, perhaps," he said in a tacit acknowledgement that countries like India might not be able to bring down their oil purchase from Iran to zero.
"But 'this is not the Obama administration,' would be my message not just to Iraq but to everybody else. And the frequency and the ease of getting waivers and exemptions is not going to be our policy," he warned in a message to the international community not to take the American threat not seriously.
"I might say, also, that we're not going to stop with the resumption of the sanctions that existed pre-2015. We're looking at others that we can impose as well," Bolton said.
Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia

 -PTI