The Trump sanctions are now a non-event for GEV. IOC is majority...

The Trump sanctions are now a non-event for GEV.
IOC is majority government owned, so GEV's deal with them is effectively 'protected'.
As to the how and why of the waiver, that is a geopolitical issue beyond the scope of my analytical skills.
However, the fact is that India is a strategic ally of the US, is the world's second most populace nation and is forecsat to be the engine of economic growth in the world over the next decade.
The importance of energy to any economy, let alone an economy in India's situation shouldn't be underestimated.
Suffice to say that I always thought the Iran/India situation would be reconciled with a positive outcome for GEV, and that belief has now been proven correct.