Geopolitics

Iran's Pezeshkian says Tehran "adopted a new arrangement" to counter stricter US sanctions - devdiscourse.com

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DW NOTE

Iran announces a "new arrangement" to counter sanctions while maintaining a seven-month blockade of the Strait of Hormuz that has cut global oil supply by 6%. The arrangement is unspecified. The blockade is not.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Iran's Pezeshkian says Tehran "adopted a new arrangement" to counter stricter US sanctions - devdiscourse.com

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