Iran will take care to supply India with all the oil it needs, the country’s embassy in India said , a day after deputy ambassador threatened India that Iran could turn the tap off if India cut back on Iranian oil under the pressure of U.S. sanctions. Yesterday, deputy Iranian ambassador Massoud Rezvanian Rahaghi said , speaking at an event in New Delhi, that India would lose its “special privileges” if it suspends Iranian oil purchases in November when the sanctions take effect. The threat—which the embassy says was actually a misquote—came on the same day as reports that Iranian crude oil imports into India fell by 15.9 percent in June from May, or to 592,800 bpd from more than 705,000 bpd in the previous month. The drop suggests that despite its initially tough stance on U.S. sanctions, Indian refiners have started changing their mind as the November 4 […]