War in the Gulf Could Turn India Back Onto Russian Oil

India’s trade deal with President Trump was supposed to end its imports of oil from Russia. But the war in Iran has cut off alternative supplies from the Middle East.

By Alex Travelli

U.S. issues 30-day waiver to allow India to purchase Russian oil amid West Asian supply woes

Scott Bessent said the move aims to enable oil to keep flowing into the global market amid the war in West Asia that has disrupted oil supply

US gives India 30-day waiver to purchase Russian oil amid Middle East crisis

The US has granted India a 30-day waiver to continue buying Russian oil, aiming to stabilize global energy markets amid Middle East tensions. This move allows Indian refiners to secure crucial supplies, with Washington anticipating increased future energy imports from the US. The waiver addresses potential disruptions to vital shipping routes like the Strait of Hormuz.

By TOI BUSINESS DESK

US Issues License to Allow Some Russian Oil Sales to India

The US issued a general license to allow for some Russian oil sales to India, giving the nation more options to purchase fuel