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DW Business April 23, 2019 16:45:00

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 quant ....

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Detailed text transcripts for TV channel - DW - 20190423:16:51:00

Last year looking good one hundred twenty five million dollars in sales but racked up a loss of two hundred forty one million dollars. coming back to top story the end of the sanctions exemptions for buyers of indian oil i think we can now talk to our correspondent in bangalore j p k j if you can hear me i hope you can there will be a significant shortfall for india one of the biggest importers of iranian oil can get india oil from other sources. so that india s third largest consumer of oil in the world and a majority of it is for full problem or oil from countries like iran saudi mexico and it looks like india is going to have to source or oil from alternative sources so in this oil minister said as much earlier today that you know we are going to go our source oil from mexico and saudi and u.a.e. and other countries but this is definitely going to push prices for india. j what s ....

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Detailed text transcripts for TV channel - DW - 20190423:16:46:00

The void. that s what india and seven other countries are asking themselves now that washington is getting serious about iranian oil the japanese comment on the end of the sanctions exemptions was diplomatic. we all hold close talks with japanese companies in question and will take necessary measures so that japan s energy supply will not be affected. when i do not tell you look into a huge day when you. join his answer has been less muted beijing s demand for iranian crude is second only to india s appetite. the chinese government is committed to safeguarding the legitimate rights and interests of chinese enterprises. we are willing to play an active and constructive role in promoting the stability of the international energy market. ....

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