US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.

Oil market on alert as Iran sanctions hit

India is committed to buying Iranian oil and continuing the two nations' economic cooperation, the Iranian foreign minister said after a meeting with his Indian counterpart and ahead of US sanctions aimed at halting Tehran's oil exports.

India will continue to buy Iran's oil: Iranian foreign minister

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Oil market on alert as Iran sanctions hit

India will continue to buy Iran's oil: Iranian foreign minister