India: No US waiver needed for Iran oil
The Indian foreign secretary says New Delhi will continue to import oil from Tehran and does not seek a US waiver as protection against Washington's sanctions on the Iranian oil sector. - "We have accepted sanctions which are made by the United Nations. Other sanctions do not apply to individual countries," Ranjan Mathai was quoted by Reuters as saying on Tuesday. Implying that India did not see the new US sanctions against Iran's oil as binding, he added, "We continue to buy oil from Iran." US President Barack Obama signed a new law on December 31, 2011, which seeks to impose fresh economic sanctions against Iran's Central Bank and oil sector.