The move, which expires on April 4, reduces the impact on inflation in India and eases pressure on the rupee. Read more at straitstimes.com. Read more at straitstimes.com.

The move provides immediate relief for some of the economies most impacted by disruptions in the Middle East. Read more at straitstimes.com. Read more at straitstimes.com.

India's access to crucial energy supplies received a temporary boost on Friday after US Treasury Secretary Scott Bessent announced a 30-day waiver allowing Indian refiners to purchase Russian oil.

The United States has granted a temporary 30-day waiver allowing Russian oil cargoes stranded at sea to be sold to India, two senior U.S. officials told Reuters, aiming to ease pressure on global oil markets.

The United States has granted a temporary 30-day waiver allowing Russian oil cargoes stranded at sea to be sold to India, two senior U.S. officials told Reuters, aiming to ease pressure on global oil markets.

New York/Washington: Amid the escalating conflict with Iran, the US said it is issuing a temporary 30-day waiver to allow Indian refiners to purchase

The US on Friday granted India a 30-day "waiver" to allow its refiners to buy Russian oil to ease the growing energy supply crisis caused by the American-Israeli war on Iran which has sent the price of Brent crude to $91 a barrel.

US Treasury Secretary Scott Bessent said the waiver was issued "to enable oil to keep flowing into the global market" after the Iran conflict raised supply concerns.

US Treasury Secretary Scott Bessent said the waiver was issued "to enable oil to keep flowing into the global market" after the Iran conflict raised supply concerns.

NEW YORK/WASHINGTON, Mar 6: The United States has issued a temporary 30-day waiver allowing Indian refiners to purchase Russian oil to ensure stability in global energy supplies amid the escalating conflict involving Iran. Announcing the decision on Thursday, US Treasury Secretary Scott Bessent said the waiver was aimed at keeping oil flowing into the global […]

After India received a 30-day waiver from the US to buy Russian oil currently stranded at sea as a result of the raging Middle East conflict, the Congress accused the government of letting the country's energy policy be dictated by Washington.

The US waiver is intended to ease pressures on the country's oil supplies in the short term. Meanwhile, day two of the Raisina Dialogue 2026 has commenced in New Delhi. Follow live.

Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".

Treasury Secretary Scott Bessent gives India a 30-day waiver to buy Russian crude as a "stop gap measure".

He said this “deliberately short-term measure” will not provide significant financial benefit to the Russian government, as it only authorises transactions involving oil already stranded at sea

U.S. grants India a 30-day waiver to purchase Russian oil to stabilize global supply amid West Asian conflicts.

U.S. grants India a 30-day waiver to purchase Russian oil to stabilize global supply amid West Asian conflicts.

BJP praises PM Modi's oil diplomacy as successful with a U.S. waiver for Russian oil purchases, criticizing Congress for spreading panic.

PERTH, March 6 : Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.Brent crude futures were down $1

PERTH, March 6 : Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war.Brent crude futures were down $1

As tensions continue in the Middle East and the crisis hampers shipping routes through the Strait of Hormuz, the US granted India a 30-day waiver to purchase Russian oil. US Treasury Secretary Scott Bessent, in a post on X (formerly Twitter), informed of the move. 

Congress criticizes the U.S. for "blackmail" over a 30-day waiver on Russian oil purchases amid rising tensions with Iran.

Congress criticizes the U.S. for "blackmail" over a 30-day waiver on Russian oil purchases amid rising tensions with Iran.

U.S. allows India to import Russian oil for 30 days to ease price spikes, prompting political backlash against Modi’s government.

U.S. allows India to import Russian oil for 30 days to ease price spikes, prompting political backlash against Modi’s government.

The Indian government on Friday moved to calm domestic energy markets, asserting that the country maintains sufficient crude oil and petroleum reserves to withstand immediate supply shocks from the escalating conflict between Iran, Israel, and the United States. 📰 Middle East Conflict: India Says Oil and Petroleum Reserves Sufficient Despite Iran War Tensions.

BJP praises PM Modi's oil diplomacy as successful with a U.S. waiver for Russian oil purchases, criticizing Congress for spreading panic.

Opposition party claims Modi “compromised”, questions India’s agency in matters of national interest.