New Delhi, Apr 4: India on Thursday said it is 'engaged' with the United States on the issue of waiver for buyers of Iranian oil and maintained that as of now it will adopt the policy of wait and watch.
"We are engaging with the United States. The waiver lapses on May 4. Let us see what happens," MEA spokesman Raveesh Kumar told reporters here.
India’s purchase of Iranian crude oil has reportedly figured in parleys between Indian and the US during the Foreign Secretary Vijay Gokhale's three-day visit to the US in March.
India’s oil imports from Iran fell by about 40 per cent in December and market analysts attribute this to the American pressure.
In November last year, India was among the eight nations which got special waiver for six months after the Donald Trump administration introduced tough sanctions aimed at crippling Iran’s oil revenue-dependent economy.
China, Italy, Greece, Japan, South Korea, Taiwan and Turkey also availed the waivers.
The United States had in last few months urged these countries to bring down their oil purchase to zero from Iran.
China along with India has been one of the largest importers of oil from Iran. (UNI)