09-July-2026
Economy News
 
US waiver blow may stall refiners’ plans, raise India’s oil risks
09-Jul-2026

Indian refiners’ medium-to-long-term plans to explore crude purchases from Iran may be hit after the US revoked sanctions waivers on Tehran’s energy supplies amid a flare-up in tensions in West Asia. The latest escalation, which pushed Brent crude up 8% to above $80 a barrel, brought energy-security risks back into focus for India.

News Source:- https://www.financialexpress.com/policy/economy/us-waiver-blow-may-stall-refiners-plans-raise-indias-oil-risks/4286987/?ref=economy_hp
 
 
 

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