The Latest from Iran (15 March): OK, Folks, Show's Over....
Thursday, March 15, 2012 at 9:38See also Iran Analysis: Who Won Ahmadinejad's Non-Interrogation? The Supreme Leader.
Iran Feature: What a Joke(r) --- Replaying Ahmadinejad's Defiance in Parliament
The Latest from Iran (14 March): Questioning Ahmadinejad
1545 GMT: Sanctions Watch. Obama Administration officials are putting out the line that sanctions may be imposed on India for failure o reduce its purchases of Iranian oil.
The officials said a decision to levy penalties could come as early as 28 June.
In response to the pressure, Indian officials said Delhi has not significantly cut imports because refiners’ annual crude term deals with Iran typically run from April to March. The planned reductions will start when new annual contracts begin next month.
Curiously, Bloomberg reports that "the U.S. government may not be aware that India’s biggest buyer of Iranian oil, state-owned Mangalore Refinery & Petrochemicals Ltd. (MRPL), plans to import less from Iran starting next month, according to two officials with direct knowledge of the matter who spoke on condition of anonymity because they weren’t authorized to speak".
MRPL's plans are far from private --- EA reported on them earlier this month.
India bought an average of 328,000 barrels a day of Iranian crude in the first six months of last year, making it the third-largest customer, behind China and Japan.
