India tries to fix Iran trade payments as Trump hardens line
(WorldNews Iran)

Trade settlement mechanism between India, Iran breaks down Fears of US sanctions mean banks still largely shun Tehran Funds in Iran’s India account depleted to just $305 million India, Iran seek European bank to settle trade in Euros NEW DELHI: India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo. US President Donald Trump has denounced an agreement between Iran and major powers on its nuclear programme as a bad deal, and his administration has put Tehran “on notice” after the...