In 2011, the US$12 billion annual oil trade between India and Iran was halted due to extensive economic sanctions against Iran, forcing the Indian oil ministry to pay off the debt through a banking system through Turkey.
Pada tahun 2011, perdagangan minyak tahunan senilai 12 miliar dolar AS antara India dan Iran dihentikan karena sanksi ekonomi yang ditetapkan bagi Iran; serta memaksa kementerian minyak India untuk melunasi hutang tersebut melalui sistem perbankan Turki.