US Grants India 30-Day Waiver for Russian Oil Amid Middle East Conflict
Sourced from 4 publications
- •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.
Sources
U.S. offers India a 30-day waiver for buying Russian oil as Iran war deepens ene...
Cnbc
US Grants Temporary Waiver for India to Import Russian Oil
Bloomberg
Oil falls as US may intervene in futures market, issues waiver for Russian purch...
Channelnewsasia
India Gets 30-Day Waiver From US To Buy Russian Oil Amid Iran War
Ndtv
Curated from 4 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.
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