India welcomes deal on Iran's controversial nuclear programme

However, sanctions on oil exports from Iran will continue, affecting India and other countries.

India has slashed import of crude oil from Iran by over 26.5 per cent in the financial year ended March 31 as US and European sanctions made it difficult to ship oil from the Persian Gulf nation.  

Under the deal, Iran will also stop enriching uranium beyond 5 per cent, the level at which it can be used for weapons research, and reduce its stockpile of uranium enriched beyond this point.

Described as an “initial, six-month” deal, it could build trust and confidence between Iran and the international community and can lead to a durable and long-term settlement of the nuclear issue.