New Delhi, June 18 -- With the US and Iran electronically signing a Memorandum of Understanding to end the war, Iran's Ambassador to India Mohammad Fathali has expressed hope that with the complete removal of sanctions, not only will Iranian oil exports to India resume but bilateral trade will surpass previous peak levels and reach a scale commensurate with the true potential of of the two countries.

In an exclusive interview with ANI, Fathali said that before the imposition of sanctions, Iran was at times among India's top three crude oil suppliers, and the volume of bilateral trade exceeded USD 17 billion annually.

He said these figures reflect the tremendous potential for economic and energy cooperation between our two countries.

"I...