India will “definitely” not cut off entirely its crude oil imports from Iran, but it expects to have more clarity on its oil purchasing strategy amid the U.S. sanctions on Tehran at a meeting with top U.S. officials next week, a senior Indian government official with direct knowledge of the country’s oil purchasing policy told Reuters on Wednesday. “Definitely we are not going to zero,” the Indian official told Reuters, noting that the September 6 meeting between U.S. Secretary of State Mike Pompeo and Defense Secretary Jim Mattis with India’s Foreign Minister Sushma Swaraj and Defense Minister Nirmala Sitharaman will give more clarity on India’s oil purchases from Iran as this would be “the highest level of meeting we will have with the U.S.” Analysts have been largely expecting India to scale back some of its Iranian oil imports, but not to go completely cold turkey. India—Iran’s second largest […]