Report: Iran says could cut oil supplies to India in August

National Iranian Oil Co (NIOC) has said it will cut supplies for Indian clients in August if the two countries have still not found a way to make payments for the oil, three industry sources said on Friday.

NIOC told refiners of the deadline on the more than six-month old dispute in a letter dated June 27 to Indian refiners, the sources, who requested anonymity, told Reuters. (Reuters)