India has said it will take necessary measures to offset any adverse impact
on its interests due to US President Donald Trump's decision to dump the Iran
External Affairs Ministry Spokesperson Raveesh Kumar said India was closely
monitoring the situation arising out of Mr Trump's announcement to pull the US out
of the Iran deal.
Countries having financial dealings with Iran are expected to be hit by the
comprehensive sanctions regime announced by the Trump administration after
withdrawal from the nuclear deal.
India and Iran have robust economic and commercial ties covering many sectors
though it has traditionally been dominated by the import of Iranian crude oil
by India. Iran is the third largest supplier of crude oil to India after Saudi
Arabia and Iraq.