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World News | Iran, India Complete Each Other: Iranian Deputy Foreign Minister

Get latest articles and stories on World at LatestLY. India-Iran commercial ties were traditionally dominated by the Indian import of Iranian crude oil. In 2018-19 India imported USD 12.11 billion worth of crude oil from Iran. However, following the end of the Significant Reduction Exemption (SRE) period on May 2, 2019, India has suspended importing crude from Iran. The bilateral trade during 2019-20 was USD 4.77 billion, a decrease of 71.99 per cent as compared to the trade of USD 17.03 billion from 2018-19. World News | Iran, India Complete Each Other: Iranian Deputy Foreign Minister.

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