Thursday, February 15, 2018

Rouhani to India

By Micah Halpern
I've Been Thinking:

Iran's President Rouhani has arrived in New Deli for a very unique diplomatic visit.

Iran wants India to invest in them - they are seeking billions of money from India.

Iranian Prime Minister Modi just returned from a trip to the Middle East and he did not visit Iran - instead Iran is visiting him.

The US is pushing hard to further isolate Iran and cut back on the now infamous nuke deal. They are lobbying India to back off any Iranian deal.

As soon as sanctions against Iran were lifted in 2015, India jumped in. They have invested over $20 billion in an Iranian sea port close to India. India has also invested in perto-industries and in infrastructure like trains and rails.

India is importing about $12 billion in oil from Iran and exporting only about $2 billion in goods to Iran.

India sees a real future with Iran - and they really need the oil.

Micah@MicahHalpern.com 

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