US Edition‘US blackmailed’: Kharge slams Trump's 30-day waiver ‘permission’ for India to buy Russian oil amid West Asia conflict
The US issued a 30-day waiver allowing Indian refiners to import Russian oil stranded at sea to ease supply disruptions amid Middle East conflict, impacting global oil prices.
- On Thursday , the US Treasury announced a 30-day waiver allowing Indian refiners to buy Russian crude and petroleum products to keep supplies flowing.
- Amid a surge in oil prices, with Brent crude at $84 per barrel, US and Israeli strikes on Iran disrupted supplies through the Strait of Hormuz, affecting about 20% of global petroleum flows.
- The licence specifically covers vessels loaded before March 5, 2026, and US Treasury Secretary Scott Bessent said it is `deliberately short-term` with two crude oil tankers arriving at Indian ports.
- Indian refiners have already moved to buy millions of barrels, providing short-term relief and helping lower global oil prices, with Carole Nakhle calling it `a saving grace for Indian refineries.`
- Critics noted the waiver conflicts with US-India trade commitments, and M.K. Stalin and Mallikarjun Kharge accused the Modi government of ceding diplomatic space after the waiver, while Russian Deputy Prime Minister Alexander Novak said Moscow was ready to meet extra demand if needed.
19 Articles
19 Articles
US/Israel-Iran War (Day 8): Demand for Russian oil increases as war enters second week.
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Why'd The US Temporarily Waive Sanctions On India's Purchase Of Russian Oil?
Why'd The US Temporarily Waive Sanctions On India's Purchase Of Russian Oil? Authored by Andrew Korybko, The “politically inconvenient” truth is that the US is unilaterally reshaping the world order in a bid to restore unipolarity, and regardless of one’s opinion about this, it’s objectively…
US Grants India Permission to Purchase Russian Oil Amid Global Supply Concerns
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Why does India require U.S. nod for securing its energy needs, ask Opposition leaders
The Opposition leaders question the government’s silence over U.S. Treasury Secretary Scott Bessent’s latest remark objecting to the tone of his announcement ‘allowing’ India a temporary waiver to purchase Russian oil
Crude Politics: Centre Hails US Oil Waiver as 'diplomatic Win'; Opposition Slams 'strategic Surrender'
Get latest articles and stories on India at LatestLY. While the government frames the move as a pragmatic victory for energy security amid the escalating West Asia conflict, the Opposition argues it exposes a newfound Indian dependency on Washington's "permission." The ruling BJP party hails this as a "diplomatic win" and a success of PM Modi's strategic oil diplomacy, while the opposition Congress party slams it as "strategic surrender" and "Am…
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