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Source: http://in.reuters.com/article/2012/06/12/usa-iran-sanctions-india-idINDEE85A0DR20120612
U.S. Exempts India, Not China, from Iran Sanctions
(Reuters) - Timothy Gardner and Susan Cornwell - The U.S. extended exemptions from its tough, new sanctions on Iran's oil trade to seven more economies on Monday, leaving China the last remaining major importer exposed to possible penalties at the end of the month. In the latest sign Washington is working with other countries to pressure Iran's nuclear program, India, South Korea, Turkey and four more economies will receive waivers from financial sanctions in return for significantly cutting purchases of Iranian oil, Secretary of State Hillary Clinton said.