International Relations
As U.S. sanctions deadlines expire this month, exporters urge government to revive oil-rice barter trade mechanism with Iran
What's happening now
With multiple US sanctions waivers concerning trade with Iran and Russia set to expire in April 2026, Indian exporters are urging the government to revive a barter trade mechanism. This push comes as the Indian government has acknowledged procuring oil from Iran after a seven-year hiatus.
Source: The HinduRead the full story →