US Grants India 30-Day Waiver for Russian Oil Amid Middle East Conflict
Via Cnbc, Bloomberg, Channelnewsasia and Ndtv
- •The US granted India a 30-day waiver to purchase Russian oil amid Middle East instability.
- •India is the world's third-largest crude importer, previously under US pressure to limit Russian oil imports.
- •The waiver aims to mitigate energy supply disruptions caused by the Persian Gulf conflict.
- •US Treasury Secretary Scott Bessent announced the waiver to help stabilize global oil markets.
- •This move is part of broader US efforts to address rising oil prices due to geopolitical tensions.