U.S. Grants 30-Day Permission for Indian Refineries to Offload Russian Oil as Iran War Disrupts Global Energy Flows
The United States has issued a temporary 30-day waiver allowing Indian refiners to receive Russian crude already stranded at sea. This move, Washington says, is meant to stabilize global energy supplies disrupted by the widening Iran war but it has also drawing political criticism inside India over the language and implications of the decision. U.S. Treasury Secretary Scott Bessent said the waiver was designed to ensure that oil continues flowing into global markets at a time when maritime disruptions around the Strait of Hormuz and wider regional instability have tightened energy supply chains. Petroleum Minister Puri appears prominently in Epstein Emails. File Photo: MEA He said the measure authorizes transactions involving Russian crude already loaded on vessels and headed toward India, while stressing it was deliberately short-term and would not provide significant financial benefit to the Russian government. Washington also indicated it expects India to increase purchases of...