America has imposed new sanctions on 5 important sectors of Iran’s economy. Which Iran uses for its economic activities in other countries. These include the sectors of digital assets (such as cryptocurrencies), technology, gold, aviation and shipping. America wants to stop Iran’s earnings and international business through these sectors. That is, if any company or institution does business with Iran in these areas from which it gets money or economic benefits, then America can also impose sanctions on that company or exclude it from the US dollar financial system. America has not yet clarified on which countries secondary sanctions will be imposed. However, China, Türkiye and the United Arab Emirates (UAE) are Iran’s major trading partners. America said- Now Iran has only two options left. American Treasury Secretary Scott Besant said that we have started ‘Operation Economic Outcast’. This is a campaign against Iran and its neighboring countries. Our objective is to eliminate every economic support that sustains this regime. Iran now has only two options. First – complete isolation from the world and a subsistence economy. Second – to move towards normalcy again and get a chance to rejoin the global economy. The Treasury Department has identified the centers, facilitators, and networks that Iran has used to smuggle oil and evade sanctions. Starting today, actions by Treasury and other agencies will cut off all potential sources of income that fund the Islamic Revolutionary Guard Corps (IRGC) and Iran’s rogue government. What impact can it have on India, understand in 5 points… US sanctions for ending economic relations with Iran can have an impact on India, but it does not mean that American sanctions will be imposed on India directly. Oil: If India buys crude oil from Iran, payment and purchase may become difficult due to US sanctions. Chabahar Port: India has strategic and trade interest in Chabahar Port of Iran. American sanctions may affect this project. Payment in dollars: If US financial sanctions are imposed on Indian businesses linked to Iran, it may be difficult to transact in dollars. Trade: Indian companies doing business with Iran may have to comply with US regulations. Diplomatic pressure: America may also ask India to limit economic relations with Iran. However, India will take a decision based on its national interest and energy needs. How much impact on India’s oil imports? At present, India is not importing oil from Iran regularly due to US sanctions. However, during the conflict in the Middle East, when the Trump administration gave temporary relaxation in sanctions on Iranian oil in the sea, India bought crude oil from Iran in view of its energy needs. India has not received new consignments of crude oil from Iran in the last few months. However, according to experts, the real risk is regarding oil prices. China is the largest buyer of Iranian crude oil. If, due to American pressure, China reduces oil purchases from Iran and starts taking oil from other sources, global crude oil prices may increase. This will have a direct impact on India. What will be the impact on India-Iran trade? Trade between India and Iran has already declined significantly. India’s exports to Iran have declined from $3.5 billion in FY 2019 to $1.2 billion in FY 2026. India’s major exports in FY 2026 included rice worth $810 million, tea and coffee worth $82 million, medicines worth $63 million, bananas worth $54 million, sugar worth $48 million and pulses worth $34 million. At the same time, India’s imports from Iran decreased from $ 13.5 billion in FY 2019 to less than $ 375 million in FY 2026. In fiscal year 2019, this included crude oil worth $12.4 billion. At present it is not clear how much direct impact the secondary sanctions announced by America will have on India. ————————-
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अमेरिका का ईरान की कमाई के 5 रास्तों पर बैन: इनमें सोना, टेक्नोलॉजी और शिपिंग शामिल, कहा- जो देश बिजनेस करेंगे, उन पर भी कार्रवाई
