India will continue importing Iranian crude despite U.S. sanctions, India‚Äôs Foreign Minister Sushma Swaraj said ahead of a meeting with her Iranian counterpart Mohammad Javad Zarif. Swaraj said, as quoted by Radio Free Europe, that India only honors sanctions imposed by the United Nations, but not ones introduced by individual countries. India is the biggest buyer of Iranian crude. The last time the United States imposed sanctions on the country, New Delhi continued to trade with it, but when UN sanctions were introduced, it cut back on oil shipments because of the problems it would create for its banking and tanker transport industries. Last month, India imported an average 640,000 bpd of Iranian crude, the highest since October 2016 and up by 49 percent from March. The amount was also 20 percent higher than in April 2017, which was attributed to major shipping discounts that Iran agreed to grant […]