India closely monitoring situation arising out of Trump's announcement to pull the US out of Iran deal: MEA

India has said it will take necessary measures to offset any adverse impact on its interests due to US President Donald Trump's decision to dump the Iran nuclear deal. 

External Affairs Ministry Spokesperson Raveesh Kumar said India was closely monitoring the situation arising out of Mr Trump's announcement to pull the US out of the Iran deal. 

Countries having financial dealings with Iran are expected



to be hit by the comprehensive sanctions regime announced by the Trump administration after withdrawal from the nuclear deal.

India and Iran have robust economic and commercial ties covering many sectors though it has traditionally been dominated by the import of Iranian crude oil by India. Iran is the third largest supplier of crude oil to India after Saudi Arabia and Iraq.