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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

Sanctions exemptionsEnergy supplyEnergy marketSaudi arabiaOil consumersOil tapCrude americaPersian gulfFactor dailyBangalore jayJaya bitTens of thousandsFour thousandMilitary governmentSix billionSix billion dollar