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US grants waiver to allow India to buy Russian oil amid Iran war

The Guardian - World NewsEN 2 min read 100% complete by ReutersMarch 6, 2026 at 02:09 AM
US grants waiver to allow India to buy Russian oil amid Iran war
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The US Treasury Department issued a 30-day waiver allowing India to purchase Russian oil currently stranded at sea. The waiver aims to alleviate pressure on global energy markets caused by the Middle East conflict and Iran's actions. This decision comes after months of US pressure on India to reduce Russian oil purchases to limit funding for Russia's war in Ukraine. India, vulnerable to energy supply shocks, sought approval to buy Russian crude due to the conflict's impact on oil supplies. Indian refiners are reportedly buying millions of barrels of Russian crude, with state refiners engaging in talks for prompt deliveries. The US expects India to eventually increase purchases of US oil.

Key Entities & Roles

Key Player Opposition Context
Moscow 40% Hindustan Petroleum 40% Bharat Petroleum 40% Indian Oil 50% Donald Trump 50% Ukraine ×260% United States Treasury Department ×270% Scott Bessent ×370% Iran ×370% Russia ×880% United States ×790% India ×1090%

Keywords

russian oil 100% india 90% us waiver 80% iran war 70% energy supply 60% refiners 50% oil imports 50% ukraine invasion 40%

Sentiment Analysis

Neutral
Score: 0.10

Source Transparency

Source
The Guardian - World News
Classification Confidence
90%
Geographic Perspective
United States

This article was automatically classified using rule-based analysis.

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russian oilindiaus waiveriran warenergy supplyrefinersoil importsukraine invasion
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