Announced it will stop exempting countries from its sanctions on by iranian oil from a second and anyone who still buys all from tehran faces a dispute with the biggest economy in the world the price of oil was already on the rise up thirty percent over the weekend after the news from washington the prize took a significant increase brant crude the Global Benchmark cost nearly seventy five dollars a barrel on tuesday the u. S. Sanctions policy is putting the Global Economy under pressure and is driving Prices Higher particularly in those countries that have benefited from the exemptions until now such as india. Indias economy is booming its g. D. P. Is expected to rise by seven percent and that Economic Growth is fueled by oil and so india is buying in large quantities from what iran is selling on easy terms iranian crude is delivered free of charge a fully insured and with a payment period of up to sixty days Excellent Service but who will be able to fill
the void. Thats what india an
from factor daily who joins us from bangalore jay there will be a significant shortfall for india can it get oil from other sources not sure whether jay can hear. try that one again jay can you hear us. i m afraid we have to have some technical difficulties here and we have to come back to jay a bit later in the show our next topic a massive hydroelectric dam is being planned in myanmar to provide energy to the chinese province of you none but there are fears it will also cause significant environmental damage and displays tens of thousands of people four thousand demonstrators on monday demanded that near mass president also in sochi chop to stop the chinese project the contract was signed by the old military government ten years ago led to the three point six billion dollar project mothballed but now pressure from china to build