CNBC | India will keep buying Iranian crude despite the threat of US sanctions, oil minister says CNBC Two Indian oil companies have placed orders to import Iranian crude next month, Oil Minister Dharmendra Pradhan said Monday, defying a call from President Donald Trump's administration for countries to completely cut-off the Islamic republic. Oil drops 1% as US considers granting some waivers on Iran crude sanctions UPDATE 2-Oil drops as US considers granting some waivers on Iran crude sanctions |