US grants India temporary waiver for Russian oil purchases The United States has offered India a 30-day waiver to increase purchases of Russian crude oil. This decision allows Indian refiners to boost imports from Russia as a temporary measure to address supply disruptions caused by ongoing conflicts in the Iran region. The waiver provides a short-term logistical solution, but analysts note it cannot fully compensate for potential losses of Gulf crude supplies, which currently account for nearly half of India's total crude oil imports. The move reflects efforts to stabilize global energy markets while maintaining strategic relationships during a period of regional tension.
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