i have read few articles and many things are offered to india for halting iranian oil.
1)stakes in iraq oil fields.
2)stakes in israeli gas fields
3)saudi oil,with guarantee of more oil if india needs.
it seems india is in better position to bargain oil prices with iran too and U.S will provide more.
US pressures India to give up Iranian oil — RT
1)stakes in iraq oil fields.
2)stakes in israeli gas fields
3)saudi oil,with guarantee of more oil if india needs.
Sources close to the matter tell Bloomberg that the US is considering getting involved in Indias oil trade and could offer assistance in broker deals with outside suppliers. At least three sources with inside knowledge have discussed the deal with the news outlet, but did so under condition of anonymity as details of the matter are intended to be kept confidential.
According to two of the sources speaking to Bloomberg, Saudi Arabia has offered to take over the role Iran regularly plays in supplying oil to India. Additionally, the US may aid in having Iraq become a new dealer for India.
Iran may lower their prices to push crude to India if the US tries to intervene. This move is going to have an impact and India is going to be hard-nosed in the way they are going to deal with it, says Kumar. Its turned the situation a little in favor of India, which can potentially use it to get a better deal from Iran.
If the US intervenes, they may try to hammer out a deal with their allies that could better suit India. Saudi Arabia said they will aid in providing crude, and currently have a surplus that could be shipped to India with little problem.
it seems india is in better position to bargain oil prices with iran too and U.S will provide more.
US pressures India to give up Iranian oil — RT