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  1. Some customers in Asia are already considering acquiescing to President Donald Trump’s demand to end trade with Iran by early November, when sanctions aimed at curbing the Islamic republic’s nuclear program come into effect.
  2. Several refiners in the largest oil market are looking at alternative supplies from Saudi Arabia to Iraq after the White House said it won’t offer extensions or waivers to U.S. allies.
  3. India imported 771,000 barrels of crude oil a day from Iran in May, a 35 percent increase from the previous month, tanker tracking and shipping data.
  4. Indian Oil Corp. has a very wide crude basket. There’s nothing it can’t procure, there’s nothing it can’t process. So, even if Iran supplies get disrupted, the supplies to the Indian market will still continue.
  5. None can be inferred.
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Option 4 : Indian Oil Corp. has a very wide crude basket. There’s nothing it can’t procure, there’s nothing it can’t process. So, even if Iran supplies get disrupted, the supplies to the Indian market will still continue.

The correct answer is option 4, i.e. Indian Oil Corp. has a very wide crude basket. There’s nothing it can’t procure, there’s nothing it can’t process. So, even if Iran supplies get disrupted, the supplies to the Indian market will still continue.

From the statement, it is evident that it is about the U.S. President’s deal to end up all ties with Iran regarding the latter opting out from the nuclear deal. Since, no history regarding the deal is mentioned, only information regarding Indian Oil Corp. is mentioned. Thus, we can reject (I) and (II) as we cannot infer the facts that are not mentioned, hence, no claim to the White House or the President Donald Trump’s demand can be made. (III) can also be rejected on similar basis as it states facts about the quantity of oil India exported from Iran, no specific facts are stated regarding it, thus, it can be rejected. Option (4) is the most appropriate answer choice among the set of choices given. Though, not a perfect inference, it is still better than the rest and can be selected as an appropriate answer choice. It captures most of the information and is logically correct and covers the fact that if the ties with Iran are broken, still Indian Oil Corp. won’t run short as far as its oil demands are concerned. Thus, the most appropriate answer is option 4.
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