Iran will end special privileges to India: diplomat

Iran will end “special privileges” to India if Delhi tried to replace Iranian crude with supplies from Saudi Arabia, Russia, and the United States, said a senior Iranian diplomat here on Tuesday.Speaking at an event in Parliament annexe, Massoud Rezvanian Rahaghi said Iran has tried to help India whenever possible in strategic issues like energy and connectivity, but argued that India’s investment promises in the port of Chabahar have not been delivered.“In the previous round of U.S. sanctions between 2012 and 2015, Iran did its best to ensure security of oil supply to India…However, if India were to replace Iran with countries like Saudi Arabia, Russia, Iraq, U.S. and others for 10% of its oil demand then it may have to revert to dollar-denominated imports, which mean higher CAD and deprivation of all other privileges Iran has offered to India,” said Mr. Rahaghi.The response comes days after India was asked by the U.S. administration of President Donald Trump to drastically cut down crude supply from Iran.India has not spelt out how it would address the concerns of the U.S. government. The Ministry of External Affairs has maintained that Delhi would consult “all stakeholders” in ensuring energy security.