07-March-2026
Economy News
 
India gets 30 day waiver to buy some Russian oil after US issues special license
06-Mar-2026

The United States has given India a temporary 30-day waiver that allows Russian oil cargoes stranded at sea to be sold to Indian buyers. Two senior US officials confirmed the decision to Reuters. The step comes at a time when tensions in the Persian Gulf are rising and threatening supplies from one of the world’s most important oil-producing regions, the Strait of Hormuz Washington approved the waiver despite Russian energy exports remaining under sanctions. Officials said the step is meant to keep oil flowing in the global market instead of leaving the cargoes stranded at sea.

News Source:- https://www.financialexpress.com/business/news/india-gets-30-day-waiver-to-buy-some-russian-oil-after-us-issues-special-license/4163848/