U.S. treasury secretary to hold talks in India as pressure builds on Iran

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U.S. treasury secretary to hold talks in India as pressure builds on Iran
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U.S. Treasury Secretary Steven Mnuchin will hold talks with Indian leaders in Ne...

FILE PHOTO: Secretary of the Treasury Steven Mnuchin answers questions from the press after an interview on CNBC on the North Lawn of the White House in Washington, U.S., September 12, 2019. REUTERS/Sarah Silbiger.

On Wednesday, the United States and six Gulf countries agreed to jointly impose sanctions on 25 corporations, banks and individuals linked to Iran’s support for militant networks including Hezbollah, the U.S. Treasury Department said. In New Delhi he will hold talks with Finance Minister Nirmala Sitharaman, an Indian government official said. No details were provided.

India, a long-time buyer of Iranian oil, halted purchases in May in the wake of renewed U.S. sanctions, and its refiners are now buying more crude from some suppliers, including Mexico, and signed new contracts with U.S. firms.

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