New Delhi, March 22 -- Foreign Affairs Expert Robinder Sachdev said that as the US suspended sanctions on Iran for its oil that is at sea, it will help soften the crude oil market.

Sachdev, while talking to ANI on Saturday, said that it is the cold market logic which America is using.

He said, "It is, of course, very interesting to see that America is saying that sanctions on Iran will be suspended for 30 days for the Iranian oil which is at sea. Now, what this means is that there are many ships which are carrying Iranian crude which are heading to some destination, or many ships which are being used only for storage; these ships are not moving much. So there's probably around 150 million barrels of oil in these Iranian-origin ships. If...