US grants India 30-day waiver to purchase Russian oil amid Iran’s blockade of Strait of Hormuz
The United States Treasury Department on Thursday said it has granted a 30-day waiver to India to purchase Russian oil as New Delhi looks at ways to navigate an oil supply crunch triggered by the Middle East conflict.
US Treasury Secretary Scott Bessent announced the decision in a post on X, saying it will enable oil to keep flowing into the global market.
