Iran recently threatened that it would stop supply of oil to India if the payment issue is not sorted out quickly What is the problem in payment to Iran? (A)The oil supplied by Iran is of substandard quality Hence India suspended the supply and stopped the payment. (B) Indian banks have stopped transfer of money to Iran as UN has imposed sanctions on Iran. (C) India is bound to purchase oil only from OPEC members. Iran has abandoned the membership of OPEC, which has created a problem in payments