US working with India on options to pay Iran for oil

Washington: The United States says it's working with India on ways New Delhi could pay off arrears to Iran for its oil purchases without attracting sanctions.

"We are working with the Indians to resolve the situation, and there are, we believe, options available that will help them do that that would not trigger sanctions," State Department spokesman told reporters Friday when asked about a reported deal on the issue between India and a bank in Turkey.

Declining further comment, he said US "Treasury, I believe, is focused on" the issue.

Asked if the US would oppose India paying off Iran through the Turkish bank, Toner said: "Again, I don't want to get into the details. I'm just saying we're discussing options with India that will help resolve it."

Asked if the issue was discussed during Secretary of State Hillary Clinton's recent visit to India, he said: "I wasn't privy to her discussions there. I wasn't on the trip, so I don't know. I can't confirm."

(Arun Kumar can be contacted at arun.kumar@ians.in)

 Tweet

Home | Top of the Page

Top Stories

India circulates draft land acquisition bill

The government Friday released a draft land acquisition bill that seeks to put in place a legal framework to not only protect the interests of owners and prospective buyers, but also   »

Highlights of the draft land acquisition bill

  Most Read

Minorities panel mulls action against Swamy for anti-Muslim views

The National Commission for Minorities will Tuesday decide what action if any should be taken against against Janata Party leader Subramanian Swamy  »

US warns Indian students about "predatory visa fraud rings"

As another US university came under the scanner, the United States asked Indian students to be alert to the existence of "predatory visa fraud rings  »

US varsity with hundreds of Indian students under scanner

  News Pick

Quit now or face expulsion, BJP tells Yeddyurappa

On a day of high drama and swift developments, the Bharatiya Janata Party (BJP) high command Friday told scam-hit Karnataka Chief Minister B.S. Yeddyurappa to resign forthwith or face expulsion from the party. "BJP  »

Shariah Portfolio Management Services (PMS) launched in Mumbai

The city based Bonanza Portfolio Ltd in a strategic tie up with Pragmatic Wealth Management Pvt. Ltd. has launched India’s premier Shariah Portfolio Management Services  »

Afghan war has cost Britain 18 bn pounds

he cost of British military operations in Afghanistan was Thursday officially estimated at over 18 billion pounds (around $29 billion), The Guardian reported. The figures released by the House of Commons defence committee   »

Taj Mahal rakes in Rs.19 crore revenue from ticket sales

The seventh wonder of the world, the Taj Mahal, is the top draw in terms of tourism revenue, logging a gate entry income of   »

Picture of the Day

Jamia Millia Vice Chancellor Najeeb Jang conferring the title 'Nishan-e-Azad' on Ambassador of Saudi Arabia Faisal Hasan Trad on July 20, 2011.