US Secretary of State Mike Pompeo set the ball rolling when he praised Prime Minister Narendra Modi as a “new kind of leader for the world’s most populous democracy”. The Indo-US ties have witnessed many ups and downs over all these years.
From a period of distrust during Cold War, when India was considered to be in the Soviet camp due to close ties with Moscow, to the visit of President Bill Clinton to India, both the countries have moved ahead to forge close ties in multiple key areas.
However, there are a few key issues which need to be addressed.
Iran, crude oil and sanctions
The American decision to impose sanctions from May 1 on nations that buy oil from Iran is a major setback for India which is the world’s third largest energy importer after the US and China.
India imports over 80 per cent of its crude and Iran offers better deals – including long-term credit time, free transportation with insurance and other discounts. Read More