Last week was tense as the US and Iran almost went at loggerheads with each other. The relationship between the two countries has deteriorated since the 1970s when Irani revolutionaries kicked out US-backed shah and took the US embassy hostage.

US-Iran tensions and why India needs to step up its game

By Nafis Alam The US has unnerved the world oil market by ramping up the pressure in its long-running dispute with Iran. It has announced that, after May 1, it won’t renew the exemptions given to eight countries that enable them to buy Iranian oil.

Donald Trump’s crackdown on Iran’s oil exports could backfire badly – with serious risks to global economy

The United States is not looking to grant more waivers for Iranian oil imports after the reimposition of US sanctions, the US special representative for Iran said on Saturday, underlining Washington's push to choke off Tehran's income.

India is major buyer of Iran oil, US says it may not waive sanctions after May 