How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much Iranian oil will be knocked offline are located in India and China. In recent months, both India and China each purchased more than 600,000 bpd from Iran. Together, that amounts to about 60 percent of Iran’s oil exports, which makes them hugely important to the efficacy of U.S. sanctions. It is unclear which way India will go. Because of its proximity, and its growing thirst for oil, India is a major buyer of Iranian oil. But the Indian government of Narendra Modi has had a positive relationship with both the Obama and Trump administrations, no small feat. While Trump has damaged the relationship between the U.S. and a lot of countries, India has managed to avoid his wrath. That […]