The Latest from Iran (8 May): The Political Fight Over Subsidy Cuts
Tuesday, May 8, 2012 at 8:56See also Iran Feature: The Battle to Become Speaker of Parliament
The Latest from Iran (7 May): The Muddle of the New Parliament
Ali Larijani & Mahmoud Ahmadinejad1920 GMT: Oil Watch. Reinhard Baumgarten reports on Iran falling behind Iraq as oil exporter and interviews Sadegh Zibakalam about the disadvantages for Tehran in its deal to export to India.
1542 GMT: Oil Watch. More on the private manoevures behind US Secretary of State Hillary Clinton's public encouragement, in her three-day visit, of India to cut oil imports from Iran....
Four Indian officials have told Bloomberg that supplies will be slashed by 20%, given the prospect of alternative supplies from Saudi Arabia.
The officials said India will lower its purchases to 14 million tons from the 17.5 million metric tons in the year ending 31 March.