India May Settle Iran Oil Imports in Dirham, Yen, Asharq Says


    Jan. 1 (Bloomberg) — India may pay for its oil imports from Iran in yen or the United Arab Emirates’ dirham to avoid straining its relations with the U.S. and the European Union, Asharq al-Awsat said today, citing an Indian official.

Iran, India resolve oil trade dispute

    Source: Mehr News Agency
    Iran said an oil trade dispute with India had been settled by changing the currency for payments, deputy oil minister Ahmad Khaledi was quoted as saying by Fars news agency on Friday.
    India and Iran could agree to settle deals in Iran’s rial or another currency instead of the American dollar, the Indian Oil Secretary S. Sundareshan suggested on Thursday. Payments could also be routed through a third country’s central or commercial bank.