Too early to predict sanctions impact on Iran imports: Govt
Oil Minister Dharmendra Pradhan has said it was too early to predict the sanctions impact on India's imports of Iranian oil after US withdrew from Iran nuclear deal. Pradhan, however, said he was "a little bit concerned" about the effect of current increase in oil prices on consuming countries. Notably, benchmark Brent crude hit a 3.5 year high of $77/barrel.