India examining details of exemptions on buying oil form Iran

India is examining the details of exemptions given to the country by the United States that will allow it to continue to buy Iranian crude oil, a foreign ministry spokesman Raveesh Kumar said.

“We appreciate the U.S. government has taken into account our need for energy security. India is a major importer of crude from Iran and it is very important for our energy security requirement," Reuters cited the spokesman as saying.

The United States on Monday re-imposed sanctions against Iran’s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. India is one of its biggest customers.