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India Mulling to Cut Iran Oil Purchases amid US Waivers

A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km east of the Strait of Hormuz January 17, 2012. REUTERS/Raheb Homavandi/File Photo
A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km east of the Strait of Hormuz January 17, 2012. REUTERS/Raheb Homavandi/File Photo
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India Mulling to Cut Iran Oil Purchases amid US Waivers

A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km east of the Strait of Hormuz January 17, 2012. REUTERS/Raheb Homavandi/File Photo
A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km east of the Strait of Hormuz January 17, 2012. REUTERS/Raheb Homavandi/File Photo

Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.

The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers. Washington reimposed some of the financial sanctions from Aug. 6, while those affecting Iran’s petroleum sector will come into force from Nov. 4.

Washington will consider waivers for Iranian oil buyers such as India but they must eventually halt crude imports from Tehran, US Secretary of State Mike Pompeo said last week in New Delhi after a meeting of high level officials.

India’s loadings from Iran for this month and next will drop to less than 12 million barrels each, after purchases over April-August had been boosted in anticipation of the reductions.

The German news agency quoted an Iranian official as saying that New Delhi has special ties with both the US and Iran.

“We are looking for ways to find a balance between the two,” said the official, who spoke on condition of anonymity.

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At Least 52 Dead after Helene's Deadly March Across Southeastern US

John Taylor puts up an American flag on his destroyed property in the aftermath of Hurricane Helene, in Horseshoe Beach, Fla., Saturday, Sept. 28, 2024. (AP Photo/Gerald Herbert)
John Taylor puts up an American flag on his destroyed property in the aftermath of Hurricane Helene, in Horseshoe Beach, Fla., Saturday, Sept. 28, 2024. (AP Photo/Gerald Herbert)
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At Least 52 Dead after Helene's Deadly March Across Southeastern US

John Taylor puts up an American flag on his destroyed property in the aftermath of Hurricane Helene, in Horseshoe Beach, Fla., Saturday, Sept. 28, 2024. (AP Photo/Gerald Herbert)
John Taylor puts up an American flag on his destroyed property in the aftermath of Hurricane Helene, in Horseshoe Beach, Fla., Saturday, Sept. 28, 2024. (AP Photo/Gerald Herbert)

Hurricane Helene caused at least 52 deaths and billions of dollars of destruction across a wide swath of the southeastern US as it raced through, and more than 3 million customers went into the weekend without any power and for some a continued threat of floods.

Helene blew ashore in Florida's Big Bend region as a Category 4 hurricane late Thursday packing winds of 140 mph (225 kph) and then quickly moved through Georgia, the Carolinas and Tennessee, uprooting trees, splintering homes and sending creeks and rivers over their banks and straining dams.

Western North Carolina was essentially cut off because of landslides and flooding that forced the closure of Interstate 40 and other roads. Video shows sections of Asheville underwater.
There were hundreds of water rescues, none more dramatic than in rural Unicoi County in East Tennessee, where dozens of patients and staff were plucked by helicopter from the roof of a hospital that was surrounded by water from a flooded river.
The storm, now a post-tropical cyclone, was expected to hover over the Tennessee Valley on Saturday and Sunday, the National Hurricane Center said. Several flood and flash flood warnings remained in effect in parts of the southern and central Appalachians, while high wind warnings also covered parts of Tennessee and Ohio.
At least 48 people have been killed in the storm; among them were three firefighters, a woman and her one-month-old twins, and an 89-year-old woman whose house was struck by a falling tree. According to an Associated Press tally, the deaths occurred in Florida, Georgia, North Carolina, South Carolina and Virginia.

Moody’s Analytics said it expects $15 billion to $26 billion in property damage.