India will be looking at the economics—and not the politics—of importing U.S. crude oil, and Indian imports of American oil should not be seen as a replacement for Iranian barrels, India’s BusinessLine reports , quoting a senior Indian government official. Last week, U.S. Secretary of State Mike Pompeo—who met with top Indian officials to discuss Iranian oil, among other things— said that the U.S. would consider waivers “where appropriate”, but reiterated that the United States expects to have Iranian oil exports to ‘zero.’ “We have told the Indians consistently, as we have told every nation, that on November 4th the sanctions with respect to Iranian crude oil will be enforced, and that we will consider waivers where appropriate, but that it is our expectation that the purchases of Iranian crude oil will go to zero from every country, or sanctions will be imposed,” Secretary Pompeo said, noting that many […]