EghtesadOnline: The US embargo on Iran's oil shipments has put Indian Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of US President Donald Trump on trade, but lose cheap supplies and precious foreign exchange. Oil imports from Iran totaled about $9 billion in the year ended March and substituting some of the contracts with more North American crude will help India lower the $24.5 billion trade surplus it runs with the world’s largest economy, Bloomberg reported.